Tribal Group PLC
23 July 2003
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
23 July 2003
Recommended offer
by
Dresdner Kleinwort Wasserstein
on behalf of
Tribal Group plc
for
HACAS Group PLC
Mix and Match Facility
On 21 July 2003 the board of Tribal Group plc ('Tribal' or the 'Company')
declared the Offer wholly unconditional. At 11:59 pm on that date the Mix and
Match Facility was closed.
Valid elections under the Mix and Match Facility were received in respect of
3,008,277 HACAS Shares to increase the level of cash received and in respect of
395,748 HACAS Shares to increase the level of Tribal Shares received under the
Offer. Accordingly, elections to receive additional Tribal Shares will be
satisfied in full and elections to receive additional cash will be scaled down
on a pro rata basis. HACAS Shareholders who validly elected to receive
additional cash will receive approximately 113p and approximately 0.0972 New
Tribal Shares per HACAS Share.
The words and expressions defined in the Offer Document dated 26 June 2003 shall
apply for the purposes of this announcement.
Enquiries:
Tribal Group plc 01285 886020
Henry Pitman
Simon Lawton
HACAS Group PLC 020 7609 9491
Julian Ashby
Derek Joseph
The Offer is not being made and will not be made, directly or indirectly, in or
into, or by the use of mails or any means or instrumentality (including, without
limitation, telephonically or electronically) of interstate or foreign commerce
of, or any facility of a national securities exchange of, the United States,
Canada, Australia or Japan and the Offer will not be capable of acceptance by
any such use, means, instrumentality or facilities from within the United
States, Canada, Australia or Japan.
Dresdner Kleinwort Wasserstein, which is authorised and regulated by the
Financial Services Authority, is acting for Tribal and for no-one else in
connection with the Offer and will not be responsible to anyone other than
Tribal for providing the protections afforded to customers of Dresdner Kleinwort
Wasserstein, or for affording advice in relation to the contents of this
announcement or any matters referred to herein.
END
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