Exercise of Over-allotment

5 May 2005 07:01

Prodesse Investment Limited05 May 2005 Prodesse Investment Limited - Confirming exercise of the over-allotment option 5 May 2005 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE ORIN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Announcement of Exercise of Over-Allotment Option following the offering of26,500,000 ordinary shares by Prodesse Investment Ltd. Prodesse Investment Ltd. (the "Company") hereby announces that UBS Limited asstabilising manager has exercised the Over-Allotment Option referred to in theSupplementary Prospectus issued by the Company dated 5 April 2005 in respect ofa further 2,110,000 Ordinary Shares in the Company. The additional OrdinaryShares have been issued at the offering price of US$10 per share. The totalissued share capital of the Company following this issue therefore comprises28,610,000 Ordinary Shares. These materials are not an offer of securities for sale in the United States.The shares may not be offered or sold in the United States absent registrationor an exemption from registration. There will be no public offering of shares inthe United States. This information is provided by RNS The company news service from the London Stock Exchange