Coats Regulatory News (COA)

23 Jan 2008 12:29

Guinness Peat Group PLC23 January 2008 Re Fiberweb plc The following is the text of a letter which is being sent today by Guinness PeatGroup plc ("GPG") to Fiberweb plc ("Fiberweb") in connection with GPG's purchaseof shares in Fiberweb. "Disclosure of Interest in Shares pursuant to Rule 8.3 of the Takeover Code("the Code") Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notifyFiberweb plc ("Fiberweb") that, following the market acquisitions of 961,777Ordinary shares of Fiberweb ("Shares") on 22 January 2008 at £0.60 per Share,the Group's direct interest now amounts to 1,813,300 Shares representing 1.48%of the issued share capital of Fiberweb. At the close of business on the date of the transaction disclosed above, theGroup also had an economic interest by way of Contracts for Difference inrespect of 1,340,000 Shares representing 1.09% of the issued share capital ofFiberweb. Therefore, following the above transaction, in accordance with its disclosureobligations under Rule 8.3 of the City Code the Group has an economic interestin an aggregate 2.58% of the issued share capital of Fiberweb. The Group has an interest by virtue of being a Rule 8.3 shareholder of Fiberweb.No member of the Group is party to any agreement or arrangement relating to theexercise of any rights conferred by holding the Shares the subject of thisnotification." Richard Russell Company Secretary Guinness Peat Group plc Tel: (0) 20 7484 3370 23 January 2008 This information is provided by RNS The company news service from the London Stock Exchange