Withdrawal of Possible Offer

28 Mar 2006 07:02

HIT Entertainment Limited28 March 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA,JAPAN OR THE UNITED STATES 28 March, 2006 HIT ENTERTAINMENT LIMITED ("HIT") WITHDRAWAL OF POSSIBLE OFFER FOR CHORION PLC ("CHORION") On 2 March, 2006 Chorion announced that HIT was considering a possible offer forChorion. Subsequently, with cooperation from Chorion, HIT undertook duediligence. Following this work HIT has decided that it will not proceed with anoffer to acquire Chorion and discussions with Chorion have ceased*. *For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the "City Code"), HIT reserves the right to announce an offer or possible offer forChorion and/or to participate in any offer or possible offer for Chorion and/orto take any other action which would otherwise be restricted under Rule 2.8 ofthe City Code within six months of the date of this announcement in the eventthat the Board of Chorion agrees to the making of such an announcement or thetaking of such action or a third party announces a possible offer or firmintention to make an offer for Chorion. Enquiries: M:CommunicationsNick Fox Telephone: 020 7153 1530 This information is provided by RNS The company news service from the London Stock Exchange