TNG.L Regulatory News (TNG)

27 Oct 2006 11:40

Collins Stewart Europe Ltd (EPT)27 October 2006 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(a) of the Takeover Code) 1. KEY INFORMATION Name of exempt principal trader Collins Stewart Europe Ltd Company dealt in Tangent Communications Plc Class of relevant security to which the ORD GBP0.01dealings being disclosed relate (Note 1) Date of dealing 26 October 2006 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3) 100000 13.5p 13.5p Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 100000 14p 14p (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) e.g. CFD (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per unit (Note 3) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3) 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated.NONE Date of disclosure 27 October 2006 Contact name Iyadunni Adegoke Telephone number 02075238326 Name of offeree/offeror with which connected Tangent Communications Plc Nature of connection (Note 6) Connected Advisor Notes The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange