Offer Update Announcement

17 Aug 2007 18:21

Irish Continental Group PLC17 August 2007 17 August 2007 Irish Continental Group plc ("ICG" or the "Company") Offer Update Announcement The Independent Directors announced on 3 August 2007 that having consulted withthe Panel, it was their intention that, in the absence of any further materialdevelopment, they would, by no later than 5.00 p.m. on 17 August 2007, terminatediscussions with both Moonduster and Aella and withdraw from each offer and inthe event that the Independent Directors took this action the current offerperiod would be brought to an end and that an announcement would be made by nolater than 6.00pm today, 17 August 2007. The Independent Directors wish to announce that they have deferred now anyfurther announcement pursuant to the announcement of 3 August 2007 until Monday20 August. Enquiries Irish Continental Group plc Telephone +353 1 855 2222Independent DirectorsJohn B McGuckian NCB Corporate Finance Telephone +353 1 611 5611 Liam BoothJonathan SimmonsShane Lawlor Drury Communications Telephone +353 1 260 5000Billy MurphyPaddy Hughes The Independent Directors of Irish Continental Group plc accept responsibilityfor the information contained in this announcement. To the best of theirknowledge and belief (having taken all reasonable care to ensure that such isthe case), the information contained in this announcement for which they takeresponsibility is in accordance with the facts and does not omit anything likelyto affect the import of such information. NCB Corporate Finance Limited, which is authorised in Ireland by the FinancialRegulator under the Investment Intermediaries Act 1995, is acting exclusivelyfor Irish Continental Group plc and no one else in connection with theacquisition and will not be responsible to anyone other than Irish ContinentalGroup plc for providing the protections afforded to clients of NCB CorporateFinance Limited nor for providing advice in relation to the acquisition. This information is provided by RNS The company news service from the London Stock Exchange