BILL.L Regulatory News (BILL)

14 Feb 2006 11:41

FORM 38.5 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS (Rule 38.5 of the City Code on Takeovers and Mergers) 1. KEY INFORMATIONName of exempt principal trader Dresdner Kleinwort Wasserstein Securities Limited Company dealt in Billing Services Group Limited Class of relevant security to Common Shares which the dealings being disclosed relate (Note 1) Date of dealing 13 February 2006 2. DEALINGS (Note 2)(a) Purchases and salesTotal number of securities Highest price paid (Note Lowest price paid (Note 3)purchased 3) 200,000 ‚£0.9840 ‚£0.9800 Total number of securities Highest price received Lowest price received sold (Note 3) (Note 3) 125,000 ‚£0.9850 ‚£0.9850 (b) Derivatives transactions (other than options)Product name, Long/short (Note Number of securities Price per unit (Note 4) (Note 5) 3) e.g. CFD (c) Options transactions in respect of existing securities(i) Writing, selling, purchasing or varyingProduct name, Writing, Number of Exercise Type, e.g. Expiry Option selling, securities to American, money e.g. call purchasing, which the price European Date option varying option etc. paid/ etc. relates (Note received 5) per unit (Note 3) (ii) ExercisingProduct name, e.g. call Number of securities Exercise price per unit option (Note 3) 3. OTHER INFORMATIONAgreements, arrangements or understandings relating to options or derivativesFull details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None Date of disclosure 14 February 2006 Contact name Monica Lam Telephone number 020 7475 5827 Name of offeror with which connected Billing Services Group Limited Nature of connection (Note 6) (3) Broker and Financial Adviser NotesThe Notes on Form 38.5 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ENDDRESDNER KLEINWORT WASSERSTEIN SECURITIES LTD