ZOL.L Regulatory News (ZOL)

15 Mar 2006 10:12

Crosby Capital Partners Inc15 March 2006 Crosby Capital Partners Inc. ("Crosby" or the "Company") Expression of Interest for Potential Acquisition of Stake in Livedoor Crosby notes current media coverage by Bloomberg and confirms that the Companyhas sent an expression of interest to buy the 12.7 percent stake in Livedoor Co.held by Fuji Television Network Inc to that company. Livedoor Company Limited is a Japanese internet company currently listed on theMothers market section of the Tokyo Stock Exchange, whose founder Takafumi Horiehas been charged with fraud. Livedoor is scheduled to be de-listed from 14 April2006. Further announcements will be made as and when considered appropriate andnecessary regarding the potential acquisition of the stake in Livedoor. Crosbyhas only made an expression of interest at this stage and therefore thepotential acquisition may or may not proceed. Crosby continues to examine a number of investment and acquisition opportunitieswhich it believes will add value to shareholders. Simon Fry, Chief Executive Officer of Crosby, commented: "The stake in Livedoorrepresents an attractive potential acquisition opportunity for Crosby which isin line with the Firm's business strategy and Crosby's continued commitment toJapan. At this point Crosby has only submitted a strong expression of interestto Fuji Television, and, once we have completed our discussions and associateddue diligence, this offer may or may not result in a transaction. We will informthe market promptly if events move on in any substantial manner." For further information please contact: Simon Fry, on +44 (0)20 7590 2800 or Cara Kiewel on +44 (0)20 7590 2808 This information is provided by RNS The company news service from the London Stock Exchange