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Press Release HHBV: update intended offer
HOMBERGH/DE PUNDERT GROUP’S INTENDED PUBLIC OFFER FOR RSDB N.V. - UPDATE OF THE PREPARATION OF THE OFFER
This is a press release by Vadeho II B.V., a company of the Hombergh/De Pundert Group (‘HHBV’) pursuant to the provisions of section 7 paragraph 1 sub a of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the ‘Decree’). This announcement and related materials do not constitute an offer for shares in RSDB N.V. (‘RSDB’). This announcement is not for release, publication or distribution, in whole or in part, in or into the United States, Australia or Japan.
With reference to the joint press releases of (i) 14 June 2008 in which HHBV and RSDB announced that, subject to financing, they reached conditional agreement with respect to an intended public cash offer (the ‘Offer’) by HHBV to acquire all the issued and outstanding shares of RSDB and (ii) 11 July 2008 in which HHBV announced that it estimated to need a maximum of 6 weeks to finalize documentation and funding of the intended Offer and accordingly expected to submit a request for approval of the offer memorandum in respect of the Offer to the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the ‘AFM’) within 6 weeks, HHBV hereby provides an update on the preparation of the intended Offer.
The finalization of funding of the Offer takes longer than initially expected and accordingly HHBV needs more than the 6 weeks period as announced in the press release of 11 July 2008. Pursuant to section 7 paragraph 4 of the Decree HHBV needs not later than at the time of requesting approval of the Offer memorandum from the AFM be able to produce the amount required to declare the offer unconditional (gestanddoen). For this reason HHBV will not submit a request for approval of the offer memorandum in respect of the Offer to the AFM by 22 August 2008 as earlier anticipated, but expects to do that as soon as possible thereafter, taking into account that the term to submit such request to the AFM will expire on 5 September 2008 in accordance with section 7 paragraph 3 of the Decree.
About HHBV
HHBV is a Netherlands based investment group whose expertise lies predominantly in the industrial sector. HHBV has various investments in the concrete business and energy sector. As part of its investments strategy, HHBV seeks majority stakes in companies that have a strong management and operate often in sectors which require consolidation.
Teteringen, 21 August 2008
Disclaimer
This announcement is for information only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire the securities of RSDB in any jurisdiction. The distribution of this announcement may be restricted by law. Persons into whose possession this release comes are required to inform themselves about and to observe any such restrictions. To the extent possible under applicable law, HHBV does not take any responsibility or accept any liability for any violation by anyone of such restrictions. Violation of such restrictions can constitute a violation of applicable securities laws of the relevant jurisdiction. Neither HHBV nor their advisers take any responsibility for any violation by anyone of such restrictions. Each shareholder of RSDB which questions its position must immediately consult an appropriate professional adviser.
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