Debt Negotiations

13 Jul 2005 07:30

Eurotunnel PLC/Eurotunnel S.A.13 July 2005 EMBARGO: Not for release before 0730 hours (UK time) on Wednesday, 13 July 2005 DEBT NEGOTIATIONS Eurotunnel meets timetable target Negotiating parties agree confidentiality Folkestone, England, 13 July 2005; In line with its previous announcementsregarding the timing of restructuring talks, Eurotunnel has today presented itsinitial reflections for restructuring its debt to the Ad Hoc Committee whichrepresents the majority of Eurotunnel's creditors. This follows submission ofthe company's business plan in June. The process of negotiation is likely to be complex, not least because of theformation of a second creditors' committee. The parties believe that the chances of success are increased if the content ofthese talks remain confidential at this stage. Consequently, Eurotunnel willnot provide any detail on its proposals. For media enquiries contact the Eurotunnel Press Office on + 44 (0) 1303 288728or + 44 (0) 1303 288737. Email: press.uk@eurotunnel.com For investor enquiries contact Xavier Clement on + 33 1 55 27 36 27. Email:xavier.clement@eurotunnel.com Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromtrain operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock Exchange