Eutelsat Com Regulatory News (ETL)

29 May 2007 09:34

Eurotunnel PLC/Eurotunnel S.A.29 May 2007 Tuesday 29 May 2007 Immediate release Share trading for EPLC/ESA Units to recommence Following the publication of the provisional results of the Exchange TenderOffer initiated by Groupe Eurotunnel SA (GET SA) for the units composed of oneshare in Eurotunnel SA and one share in Eurotunnel PLC, the British and Frenchmarket authorities, the Financial Services Authority (FSA) and the Authorite desmarches financiers (AMF) have decided that trading in the Units can recommencefrom 29 May 2007. 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%. Itis therefore likely that, upon completion of the reorganisation, the market forthe Units will no longer comply with the demands of liquidity necessary for theEurolist by Euronext market or for the Official list of the United KingdomListing Authority. The units could therefore, in accordance with regulationsapplicable in the country concerned, be removed from trading. Shareholders who did not tender their units to the offer during the initialacceptance period will have the opportunity to do so during the reopening of theperiod, the date of which will be decided and made public in the near future bythe AMF. At the same time, it should be noted that shares tendered to the Offer can nolonger be exchanged. The new shares in Groupe Eurotunnel SA together with thewarrants for shares issued as part of the Offer will be the object, after thecompletion of the formalities relating to the implementation of the SafeguardPlan, of a settlement dated 28 June 2007. They will be admitted to trading onEurolist by Euronext in Paris and on the London Stock Exchange immediately.Given the above, it is likely that the share price of Eurotunnel Units and GETSA shares will not be the same after this settlement date and that the evolutionof the share price of Eurotunnel Units from the introduction to trading of GETSA shares will in all likelihood not correlate with that of the shares in GETSA. 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. No 023/2007 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 This information is provided by RNS The company news service from the London Stock Exchange