Statement re. Press Comment

ITV PLC 22 March 2006 ITV plc Statement in response to press reports In view of newspaper reports, the Board of ITV confirms that a Consortium comprising Apax Partners, The Blackstone Group and Goldman Sachs' Principal Investment Area recently expressed an interest in the possibility of acquiring a controlling interest in ITV concurrent with a substantial distribution of cash to ITV's shareholders and a very material increase in ITV's level of debt. The Board carefully examined this proposal in the context of the company's own strategic plans and was concerned that, inter alia, shareholders who did not wish to retain their shares in this highly leveraged structure would not have been assured of receiving a cash price for their shares at an appropriate premium to reflect the change of control envisaged by the proposal. The Board therefore unanimously concluded that the proposal could not be in the best interests of all shareholders and accordingly rejected it. This information is provided by RNS The company news service from the London Stock Exchange

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ITV (ITV)
UK 100

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