Comment on Press Speculation

Photo-Me International PLC 05 June 2006 PHOTO-ME INTERNATIONAL Comment on Press Speculation Photo-Me International plc ('PMI'), the digital imaging company, notes recent press speculation. PMI today confirms that it has been conducting a strategic review, which may or may not lead to an offer being made for the Company, and has appointed JPMorgan Cazenove as financial adviser in this matter. A further announcement will be made in due course. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, PMI confirms that it has in issue 364,629,331 ordinary shares of 0.5 pence each. The International Securities Identification Number for these shares is GB0008481250. Enquiries: Photo-Me International 01372-453 399 Vernon Sankey (Chairman) Jean-Luc Peurois (Finance Director) Bankside Consultants Charles Ponsonby 020-7367 8851 Dealing Disclosure Requirements: Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of PMI, all dealings in any 'relevant securities' of PMI (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 that 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until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends.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 PMI, 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 PMI by PMI, or by any of its '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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