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28 May 2008 15:18
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GUINNESS PEAT GROUP plc
The following announcement was made by Guinness Peat Group plc earlier today toΒ the New Zealand Stock Exchange.
No Extension of Offer Period to GPG's Partial Offer for TOWER Shares
GPG Twenty One LimitedΒ ("GPG")Β has received advice fromΒ certainΒ TOWER shareholders thatΒ they intendΒ to acceptΒ itsΒ partial offer forΒ in aggregate 10.5% of TOWER's shares. On this basis GPG is highly confident its partial offer will be successful as,Β if such acceptances are received, then, when aggregated with acceptances already received, this will result in acceptances forΒ approximately 11% of TOWER's shares. GPG expects acceptances during the balance of the offer period will result inΒ itΒ receiving acceptances for all of the 15.30% sought under the offer. Accordingly,Β it isΒ advisedΒ that the offer is full and final and the offer period will not be extended beyond the current closing date of 19 June.
TOWER shareholders are urged to accept the offer and approve it being made prior to the offer closing on 19 June 2008.
Richard Russell
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
28Β May 2008
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