Statement in response to CIG announcement

20 October 2009 Centaur Media plc ("Centaur" or "the Group") Statement in response to CIG announcement The Board of Centaur notes the announcement made earlier today by Critical Information Group plc ("CIG") stating that CIG had previously made an approach to Centaur, maintains an interest in acquiring Centaur, and is actively considering its options. Centaur confirms that it recently received an unsolicited approach from CIG regarding a possible offer for the Group which was conditional on, inter alia, financing and due diligence. The Board is confident in Centaur's strategy and believes that the Group is well positioned as a result of its portfolio of market leading brands, a proven organic growth track record, a strong balance sheet and an experienced management team. In view of these strengths, the Board believes that Centaur is ideally placed to be a catalyst for future industry consolidation which has the potential to enhance the Group's significant organic growth prospects. Having reviewed CIG's approach with its advisers, the Board therefore had no hesitation in concluding that this indicative proposal materially undervalued Centaur and was not in the best interests of its shareholders. Note 7 of Rule 2.4 of the Code requires the Group to confirm that this statement is being made by the Group without the prior agreement of CIG and that there can be no certainty whether any offer will be made. A further announcement will be made when appropriate. - ends - For further information please contact: Numis Securities Limited Tel: +44 (0)20 7260 1000 Corporate Finance: Adam Joy / Stuart Skinner Corporate Broking: Christopher Wilkinson Kreab Gavin Anderson Tel: +44 (0)20 7074 1800 Robert Speed Anthony Hughes Numis, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Centaur and no one else in connection with the proposal and will not be responsible to anyone other than Centaur for providing the protections afforded to clients of Numis nor for providing advice in relation to the proposal, the contents of this announcement or any transaction or arrangement referred to herein. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, 'interested' (directly or indirectly) in 1 per cent. or more of any class of 'relevant securities' of Centaur or of CIG, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Centaur or, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Centaur or of CIG by Centaur or CIG, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. In accordance with Rule 2.10 of the Code, Centaur announces that it has 140,881,493 ordinary shares of 10p each in issue (excluding shares held in Treasury). The International Securities Identification Number for Centaur's ordinary shares is GB0034291418. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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