Lapse of Letter of Intent: Offer by Korea National Oil Corporation for Dana Petroleum plc
On 19 August 2010, Schroder Investment Management Limited provided a letter of intent regarding our intention to vote in relation to the proposal with regard to 14,315,380 shares.
Since then, notifications have been made in accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), advising that we had disposed of 11,307,634 shares, reducing the number of share that are subject to the letter of intent to 3,007,746.
In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that we have disposed of the following shares and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares;
· 20 September 2010 - sale 384,079 shares
Our intention in respect of 2,623,667 shares, being the remainder, remains as described in our Letter of Intent.
Chris Melrose
Manager, AML & Disclosure
Schroders Group Compliance
Tel: +44(0)207 658 4331
Fax: +44(0)207 658 3512
e-mail: christopher.melrose@schroders.com