GWIK.L Regulatory News (GWIK)

9 Jun 2008 07:00

09 June 2008

Dawnay, Day Treveria PLC

("Treveria" or the "Company") Announces Strategic Review

The Board of Treveria notes the substantial discount at which the shares trade to the published Net Asset Value of the Company. With this in mind, the Board has decided to conduct a strategic review to consider how value can be maximised for shareholders. The Board will consider all alternatives available to the Company to maximise shareholder value, including returning funds to shareholders through asset disposals or a sale of the whole Company. The strategic review is at a very early stage and the Board intends to update shareholders when appropriate.

Enquiries:

In accordance with Rule 2.10 of the Takeover Code, as at the close of business on 06 June 2008 Treveria confirms that it has 603,468,809 ordinary shares of €0.01 each in issue. The ISIN reference for these securities is GB00B0RFL714Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Treveria, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Treveria, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of the offeror or of Treveria by the offeror or Treveria, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.