Princes Group Regulatory News (PRN)

19 May 2005 12:25

Merrill Lynch International19 May 2005 FORM 38.5 (SUMMARY) Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which dealings have been made. CONNECTED EXEMPT MARKET-MAKERS: DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS Name of EMM Merrill Lynch International Date of disclosure 19 May 2005 Date of dealing 17 May 2005 Telephone number 020 7996 3565 Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies: 17 May 2005 AMENDMENT Pernod Ricard - Common - Changes to the number of securities purchased state which element(s) of previous disclosure was incorrect: In the case of option business or dealings in derivatives full details should be given on a separate sheet so that the nature of the dealings can be fully understood. For options this should include the number of securities under option, the exercise period (or in the case of exercise, the exercise date), the exercise price and any option money paid or received. For derivatives this should include, at least, the number of reference securities to which they relate (when relevant), the maturity date (or if applicable the closing out date) and the reference price. For full details of disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring Section of the Panel, Tel. No: 0171 638 0129 AMENDMENT FORM 38.5 Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which dealings have been made. CONNECTED EXEMPT MARKET-MAKERS: DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS Dealing in Pernod Ricard Class of security Common Date of disclosure 19 May 2005 Date of dealing 17 May 2005 Name of EMM Merrill Lynch International Name of offeree/offeror with whom connected Constellation Brands Inc Number of securities purchased 27,197 Highest price paid* EUR 120.20 Lowest price paid* EUR 119.3 Number of securities sold 28,884 Highest price paid* EUR 120.60 Lowest price paid* EUR 119.5 *Currency must be stated This information is provided by RNS The company news service from the London Stock Exchange