Moonduster Limited

1 Aug 2007 07:01

Davy Corporate Finance Ltd01 August 2007 Statement on behalf of Moonduster Limited ("Moonduster") in relation to Irish Continental Group plc ("ICG") The Board of Directors of Moonduster (the "Board") notes the announcement issuedyesterday by the independent directors of ICG (the "Independent Directors").The Board wishes to clarify that a comprehensive response was sent on behalf ofMoonduster in advance of the expiry of the initial deadline set by theIndependent Directors (of 12.00 p.m. on 26 July 2007). In such response, it wasconfirmed that Moonduster would be willing to participate in a competitive bidprocess subject to the Independent Directors procuring the agreed participationof Aella plc in such a process. To date no response has been received from or on behalf of the IndependentDirectors as to whether they have been able to procure the participation ofAella plc in such a process. Ends Enquiries: Joint Financial Advisers to MoondusterDavy Corporate Finance Tel: +353 (0) 1 679 6363Hugh McCutcheonDes Carville IBI Corporate Finance Tel: +353 (0) 1 637 7800Tom GodfreyJohn Tuite Joint PR Advisers to MoondusterMurray Consultants Tel: +353 (0) 1 498 0300Jim MiltonEd Micheau Fleishman-Hillard Tel: +353 (0) 1 618 8433James Morrissey The directors of Moonduster accept responsibility for the information containedin this announcement. To the best of the knowledge and belief of the directorsof Moonduster (who have taken all reasonable care to ensure that such is thecase), the information contained in this announcement is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation. Davy Corporate Finance which is regulated by the Financial Regulator, is actingexclusively for Moonduster and no one else in connection with the Acquisitionand will not be responsible to anyone other than Moonduster for providing theprotections afforded to clients of Davy Corporate Finance or for providingadvice in relation to the Acquisition, the contents of this announcement or anytransaction or arrangement referred to herein. IBI Corporate Finance, a subsidiary of The Governor and Company of the Bank ofIreland (which is regulated by the Financial Regulator) is acting exclusivelyfor Moonduster and no one else in connection with the Acquisition and will notbe responsible to anyone other than Moonduster for providing the protectionsafforded to clients of IBI Corporate Finance or for providing advice in relationto the Acquisition, the contents of this announcement or any transaction orarrangement referred to herein. This information is provided by RNS The company news service from the London Stock Exchange