KCOM Regulatory News (KCOM)

22 May 2007 07:20

Deutsche Bank AG London22 May 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR PART IN OR INTO THEUNITED STATES, AUSTRALIA, CANADA OR JAPAN 22 May 2007 PROPOSED PLACING OF SHARES BY KINGSTON UPON HULL CITY COUNCIL IN KINGSTONCOMMUNICATIONS (HULL) PLC Kingston upon Hull City Council ("Hull City Council") today announces theproposed sale of up to 157,499,999 ordinary shares in Kingston Communications(HULL) PLC ("Kingston Communications") by way of a placing to institutionalinvestors, subject to demand, price and market conditions (the "Placing"). Theshares to be sold in the Placing represent the entire shareholding of Hull CityCouncil and up to approximately 30.6% of Kingston Communications' issued sharecapital. Deutsche Bank AG, London Branch ("Deutsche Bank") is acting as bookrunner forthe Placing. Investec and JPMorgan Cazenove are acting as Co-Lead Managers forthe Placing. The number of shares to be sold pursuant to the Placing and the placing pricewill be decided at the close of the bookbuilding period and a furtherannouncement will be made thereafter. The sale is expected to be completed inthe next two days and it is anticipated that settlement of the Placing will takeplace shortly thereafter. Enquiries: Deutsche Bank AG, London Branch John Lydon Tel: + 44 207 545 8000 Investec Erik Anderson Tel: + 44 207 597 5000 JPMorgan Cazenove Andrew Hodgkin Tel: + 44 207 588 2828 Kingston upon Hull City Council Elaine Jackson Tel: + 44 1482 615 101 Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche Bankis acting for Hull City Council and no one else in connection with the Placingand will not be responsible to anyone other than Hull City Council for providingthe protections afforded to clients of Deutsche Bank or for providing advice inrelation to the Placing. JPMorgan Cazenove, which is regulated by the FinancialServices Authority, is acting for Hull City Council and no one else inconnection with the Placing and will not be responsible to anyone other thanHull City Council for providing the protections afforded to clients of JPMorganCazenove or for providing advice in relation to the Placing. Members of the public are not eligible to take part in the Placing. Thiscommunication is for distribution only to and is directed solely at persons whoare "qualified investors" within the meaning of Article 2(1)(e) of theProspectus Directive and who: (i) are within the United Kingdom and fall withinArticle 19 or 49 of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended) (namely persons who are authorised or exemptpersons within the meaning of the Financial Services and Markets Act 2000, asamended, and certain other investment professionals, high net worth companies,unincorporated associations and other bodies); or (ii) are persons to whom itmay otherwise lawfully be communicated (all such persons together being referredto as "relevant persons"). Any investment or investment activity to which thiscommunication relates is available only to and should be engaged in only byrelevant persons. Persons who are not relevant persons should not rely on oract upon the information contained in this communication. This announcement does not form part of any offer of securities, or constitute asolicitation of any offer to purchase or subscribe for securities in anyjurisdiction. This announcement is not for release, publication or distributionin or into Australia, Canada, Japan or the United States. This announcement does not constitute an offer of securities for sale in theUnited States. Neither this announcement nor any copy of it may be taken ordistributed into the United States or distributed or published, directly orindirectly, in the United States. Any failure to comply with this restrictionmay constitute a violation of US securities law. The securities referred toherein have not been and will not be registered under the US Securities Act of1933, as amended (the "Securities Act"). The securities may not be offered orsold in the United States or to or for the benefit of US persons absentregistration or an exemption from registration. No public offering of securitiesof Kingston Communications is being made in the United States, the UnitedKingdom or elsewhere. As used herein, the term United States means the UnitedStates of America, its territories and possessions, any State of the UnitedStates and the District of Columbia. This information is provided by RNS The company news service from the London Stock Exchange