Tender Offer Update

13 Feb 2006 08:00

Emblaze Ltd13 February 2006 Tender Offer Update Monday, 13 February 2006 - Emblaze Ltd. (LSE: BLZ) ("Emblaze") today announcedthat the tender offer commenced by Emblaze on 17 January 2006 for the purchaseof five per cent. of the issued and outstanding shares of Ki-Bi MobileTechnologies Ltd. (AIM: KIB) ("Ki-Bi") was consummated at 3:00 pm London time onSaturday, 11 February 2006 and that an aggregate of 12,071,378 issued andoutstanding Ki-Bi ordinary shares (approximately 59.2 per cent. of the issuedand outstanding Ki-Bi shares) were validly tendered. Emblaze will purchase an aggregate of five per cent. of the Ki-Bi issued andoutstanding shares from the shareholders that have validly tendered theirshares, in pro rata portions to the amounts of Ki-Bi shares validly tendered bysuch shareholders. Thereafter, Emblaze will increase its holdings in K-Bi fromapproximately 24.95 per cent. to approximately 29.95 per cent. Emblaze will pay41 Pence for each Ki-Bi share validly tendered and accepted by Emblaze, with thetotal amount paid by Emblaze for such shares expected to be approximately £418,100. This information is provided by RNS The company news service from the London Stock Exchange