Statement re Conversion

16 May 2006 07:40

Eurotunnel PLC/Eurotunnel S.A.16 May 2006 Tuesday 16 May 2006 Eurotunnel converts Stabilisation and Resettable Advances into Stabilisation Notes and Resettable Bonds The Joint Board of Eurotunnel decided on 28 September 2005 not to convert theStabilisation Advances and Notes into Units and voted on 21 March 2006 toconvert the Resettable and Stabilisation Advances into bonds. As a consequence, yesterday, 15 May, Eurotunnel converted the ResettableAdvances into Bonds and the Stabilisation Advances into Notes. France Mancheissued 445,416 Resettable Bonds and 297,126 Stabilisation Notes. EurotunnelFinance Ltd issued 158,889 Resettable Bonds and 197,809 Stabilisation Notes. Eurotunnel already has Participating Loan Notes (PLNs), quoted in Luxembourg. No 975/2006 For media enquiries contact John Keefe on + 44 (0) 1303 284491. Email: John.keefe@eurotunnel.com For investor enquiries contact Xavier Clement on + 33 1 55 27 36 27. Email: xavier.clement@eurotunnel.com www.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