Statement re Possible Offer

17 Apr 2007 12:46

Paints and Chemical Industries Co.17 April 2007 Press Release Paints & Chemical Industries " PACHIN " PCL.Dq.L annouunces that it had receiveda notification of intention from a potential offerer for acquiring up to 100 % of its Stock . Pachin signed a " CONFIDENTIALITY. NON-COMPETITION ANDNON-SOLICITATION AGREEMENT " with the potential Offerer dated 12th of April 2007and consequently he will be allowed to start the due diligence exercise . This information is provided by RNS The company news service from the London Stock Exchange