Brown Group Regulatory News (BWNG)

1 Mar 2007 08:00

Brown (N.) Group PLC01 March 2007 Return of Value Purchase Offer for B Shares This document should not be transmitted, distributed or released in or into anyjurisdiction in which such an act would constitute a violation of the relevant laws of such jurisdiction. Credit Suisse Securities (Europe) Limited has agreed with N Brown Group plc to make the Purchase Offer in accordance with the circular to Shareholders dated 25 January 2007 (the "Circular"). Credit Suisse Securities (Europe) Limited hereby makes the Purchase Offer, acting as principal, to purchase the 208,605,257 B Shares in respect of which valid elections to accept the Purchase Offer have been received. Accordingly such offer is to purchase those B Shares for 27 pence each on the terms set outin the Circular. Cheques and sale advices are expected to be despatched and assured payments made through CREST on 12 March 2007 in respect of B Shares purchased under the Purchase Offer. All definitions used in the Circular apply to this announcement. Credit Suisse Securities (Europe) Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting as financial adviser and corporate broker to N Brown Group plc and is acting for no-one else in connection with the Return of Value, and will not be responsible to anyone other than N Brown Group plc for providing the protections afforded to customers of Credit Suisse Securities (Europe) Limited nor for providing advice to any other person in relation to the Return of Value. Enquiries: N Brown Group plc: 0161 238 2202Alan White, CEODean Moore, CFO Credit Suisse: 020 7888 8888John Hannaford Gavin Anderson: 020 7554 1400Fergus Wylie This information is provided by RNS The company news service from the London Stock Exchange