Eutelsat Com Regulatory News (ETL)

31 May 2007 17:19

Groupe Eurotunnel SA31 May 2007 31 May 2007 Immediate release Announcement by the AMF of the final results of the initial acceptance period of the Exchange Tender Offer Reopening of the Exchange Tender Offer by Groupe Eurotunnel SA for the Units of Eurotunnel SA / Eurotunnel PLC from 1 June 2007 to 14 June 2007 The publication by the Autorite des marches financiers of the final results ofthe initial acceptance period of the Exchange Tender Offer indicates that2,222,667,231 Units out of a total of 2,546,164,213 Units in circulation,representing 87.29% of the share capital in circulation have been tendered tothe offer. According to figures published today by Euronext, the units tendered during thisfirst phase are divided as follows: - In France: 1,996,565,238 Units, representing 78.41% of the capital - In the UK: 201,451,143 Units, representing 7.91% of the capital - In Belgium: 24,650,850 Units, representing 0.97% of the capital Shareholders in Eurotunnel PLC and Eurotunnel SA who have not yet tendered theirshares to the offer have the opportunity to do so in the second acceptanceperiod which is automatically opened from 01 June to 14 June 2007. The conditions of the offer remain identical to the original offer: eachEurotunnel PLC/Eurotunnel SA Unit tendered will give the right to: - one GET SA ordinary share; and - one warrant to subscribe for GET SA ordinary shares. It will, however, no longer be possible to subscribe for Notes Redeemable inShares (NRS) which were only available for subscription by shareholders havingtendered their Units to the Offer during the initial acceptance period. Unit holders who have not yet tendered their Units to the offer are remindedthat, given the scale of the success of the offer they will, at the completionof the offer be only a small minority in ESA and EPLC. Furthermore, as outlined in the Prospectus validated by the AMF, operations torecapitalize these companies will be launched very shortly at the completion ofwhich the percentage of capital in Eurotunnel SA and Eurotunnel PLC held by theUnit holders who have not tendered their Units to the offer will be below 5%. It is therefore likely that following the implementation of the Reorganisation,the market for the Units will no longer meet the liquidity requirements for thelisting of the Units on Eurolist by EuronextTM or the Official List of theUnited Kingdom Listing Authority or their admission to trading on the LondonStock Exchange. The listing of the Units may therefore, in accordance withapplicable regulations in the relevant country and with the approval of therelevant regulatory authorities, be cancelled, in particular as part of theRecapitalisation Transactions of ESA and EPLC. In the near future GET SA alsointends to consider any other transaction to simplify the Eurotunnel groupstructure, and particularly asset contributions or statutory mergers which couldresult in the winding up of ESA and EPLC. GET SA can in no way guarantee thatthe Units will continue to be listed after the Reorganisation and, if theyremain listed, for how long or on which markets. The terms of the Offer and of the reorganisation of Eurotunnel are set out inthe Offer Document approved by the AMF on 4 April 2007 under number 2007-112 andin the Prospectus (comprised of the Registration Document registered on 21March 2007 by the AMF under number i.07-021 and of the Securities Note approvedby the AMF on 4 April 2007 under number 2007-113). These documents can be viewed on the following websites:www.groupe-eurotunnel.com (also available from Eurotunnel's website:www.eurotunnel.com) and www.amf-france.org.They are also available free ofcharge at the registered office of the company. The attention of the public is drawn in particular on the risks factorsdescribed in the Prospectus. Ndegrees GET 06/2007 For media enquiries contact on + 44 (0) 1303 284491 Email: press@eurotunnel.com For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749. Email: michael.schuller@eurotunnel.com www.groupe-eurotunnel.com This information is provided by RNS The company news service from the London Stock Exchange