Stmnt re Share Price Movement

Computacenter PLC 18 November 2005 For immediate release 18 November 2005 Computacenter PLC ('Computacenter' or 'the Company') Statement regarding movement in share price The Board of Computacenter notes the recent movement in Computacenter's share price and confirms that it has received a preliminary proposal, which may or may not lead to an offer being made for the whole of the issued and to be issued share capital of the Company. The proposal has been made by a group led by Peter Ogden, a co-founder and non-executive director of the Company (the 'Bid Group'). The Bid Group controls in aggregate 44.2% of the Company. An Independent Committee of the Board has been formed to consider the proposal, consisting of Nick Cosh and Cliff Preddy (the independent non-executive directors). The Independent Committee is being advised by HSBC Bank plc. Discussions are at an early stage and the Independent Committee of the Board of Computacenter would like to emphasise that there is no certainty that any offer will be made for Computacenter. A further announcement will be made when appropriate. Enquiries: HSBC Bank plc Rupert Faure Walker (financial adviser) 020 7992 2101 Nick Donald (corporate broker) 020 7992 2151 Tulchan Communications 020 7353 4200 Andrew Grant Julie Foster HSBC Bank plc, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Computacenter plc and no one else in relation to maters described in this announcement and will not be responsible to anyone other than Computacenter plc for providing the protections afforded to customers of HSBC Bank plc or for providing advice on matters described in this announcement. 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% or more of any class of 'relevant securities' of Computacenter, 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 Computacenter, 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 Computacenter by an offeror or Computacenter, 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. This information is provided by RNS The company news service from the London Stock Exchange
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