Offer Update

Babcock International Group PLC 31 August 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE PRESS ANNOUNCEMENT 31 August 2007 BABCOCK INTERNATIONAL GROUP PLC ('BABCOCK') FINAL CASH OFFER FOR INTERNATIONAL NUCLEAR SOLUTIONS PLC ('INS' OR THE 'COMPANY') OFFER CLOSED On 9 July 2007, Babcock announced that the Final Cash Offer had become unconditional in all respects. As at 3.00 p.m. (London time) on 31 August 2007, Babcock has acquired or has received valid acceptances in respect of a total of 40,205,941 INS Shares, representing approximately 63.6 per cent. of the existing issued share capital of INS. Of this total: - Babcock owns (other than pursuant to valid acceptances of the Final Cash Offer) 27,954,131 INS Shares, representing approximately 44.2 per cent. of the existing issued share capital of INS; and - Babcock has received valid acceptances for 12,251,810 INS Shares representing approximately 19.4 per cent. of the existing issued share capital of INS (including acceptances pursuant to irrevocable undertakings to accept the Final Cash Offer in respect of a total of 253,904 INS Shares, representing approximately 0.4 per cent. of the existing issued share capital of INS). Final Cash Offer closed The Board of Babcock announces that the Final Cash Offer, which is unconditional in all respects, has not been extended beyond 31 August 2007 and is therefore no longer open for acceptance. Settlement Settlement for INS Shareholders who have validly accepted the Final Cash Offer prior to 31 August 2007 will be despatched within 14 days of the relevant acceptance by first class post (in the case of INS Shares held in certificated form) or credited to the relevant CREST account (in the case of INS Shares held in uncertificated form). Terms defined in the Offer Document dated 19 June 2007 shall have the same meaning in this announcement. Enquiries: Babcock Telephone: +44 (0) 20 7291 5000 Gordon Campbell Peter Rogers Bill Tame Hawkpoint (financial adviser to Babcock) Telephone: +44 (0) 20 7665 4500 Paul Baines Chris Robinson JPMorgan Cazenove (broker to Babcock) Telephone: +44 (0) 20 7588 2828 Dermot McKechnie Financial Dynamics (Babcock PR enquiries) Telephone: +44 (0) 20 7269 7221 Susanne Yule The release, publication or distribution of this announcement to persons who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are located. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable requirements. Any failure to comply with such applicable requirements may constitute a violation of the securities laws of any such jurisdictions. Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Babcock and no one else in connection with the Final Cash Offer and will not be responsible to anyone other than Babcock for providing the protections afforded to clients of Hawkpoint nor for providing advice in relation to the Final Cash Offer, the content of this announcement or any matter referred to herein. JPMorgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Babcock and no one else in connection with the Final Cash Offer and will not be responsible to anyone other than Babcock for providing the protections afforded to clients of JPMorgan Cazenove nor for providing advice in relation to the Final Cash Offer, the content of this announcement or any matter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange
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