RNS Announcements

<< Back

Offer Update Announcement

The Independent Directors confirm that, after close of business on 13 April 2007, the Consortium (comprising Doyle Group Limited and One Fifty One plc) entered into a formal process with the Company and commenced its confirmatory due diligence which it is expected will take up to four weeks to complete.

Enquiries

Irish Continental Group plc                                     Telephone      +353 1 855 2222
Independent Directors
John B McGuckian

NCB Corporate Finance                                         Telephone      +353 1 611 5611
Liam Booth
Jonathan Simmons
Shane Lawlor

Drury Communications                                          Telephone      +353 1 260 5000
Billy Murphy
Paddy Hughes

The Independent Directors of Irish Continental Group plc accept responsibility for the information contained in this announcement.  To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they take responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

NCB Corporate Finance Limited, which is authorised in Ireland by the Financial Regulator under the Investment Intermediaries Act 1995, is acting exclusively for Irish Continental Group plc and no one else in connection with the acquisition and will not be responsible to anyone other than Irish Continental Group plc for providing the protections afforded to clients of NCB Corporate Finance Limited nor for providing advice in relation to the acquisition.