Recommended Offer for Protec

Quadnetics Group PLC 09 November 2005 Quadnetics Group PLC 9 November 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN RECOMMENDED OFFER FOR PROTEC PLC Offer Unconditional in all respects The Board of Quadnetics Group Plc ('Quadnetics') announces that the Recommended All Share Offer made by Brewin Dolphin Securities Ltd on behalf of Quadnetics for Protec Plc ('Protec') has today been declared wholly unconditional, save for the condition relating to admission of New Quadnetics Shares to AIM. As at 1.00pm on 9 November 2005, valid acceptances had been received in respect of 117,202,625 Protec Shares (representing approximately 73.01 per cent. of Protec's issued share capital). Prior to the posting of the Offer Document, Quadnetics had received irrevocable undertakings from the Protec Directors and certain other Protec Shareholders to accept the Offer in respect of, in aggregate, 99,758,979 Protec Shares representing 62.15 per cent. of the existing issued Protec Shares. Of these irrevocable undertakings the Board has received valid acceptances from, in aggregate, 78,252,406 Protec Shares, representing 48.75 per cent. of the existing issued Protec Shares. At a board meeting today 2,725,336 New Quadnetics Shares were allotted to holders of Protecs Shares who had validly accepted the Offer. As described in the Offer Document, as and when Quadnetics receives acceptances under the Offer in respect of, and/or otherwise acquires 90 per cent. or more of the Protec Shares to which the Offer relates, Quadnetics intends to exercise its rights pursuant to the provisions of sections 428 to 430F of the Companies Act 1985 to acquire compulsorily Protec Shares in respect of which acceptances have not been received. Settlement of consideration Application will be made to the London Stock Exchange for the New Quadnetics Shares to be admitted to trading on AIM: (i) in the case of acceptances received (complete in all respects) by 9 November 2005 on or around 3 days following today's date; or (ii) in the case of acceptances received (complete in all respects) after 9 November 2005 but while the Offer remains open, within 3 days of allotment. The next allotment is expected to be made on 18 November, the next closing date of the Offer. Delivery of share certificates/CREST transfers Share certificates for New Quadnetics Shares will be despatched to Protec Shareholders who have validly accepted the Offer in respect of Protec Shares held in certificated form within 14 days. Transfer into CREST for Protec Shareholders who have accepted the Offer in respect of Protec Shares held in within CREST will take place with 14 days. In addition Dennis Bate and Bob Westcott have today joined the board of Quadnetics. Terms defined in the Offer Document dated 30 September 2005 shall, unless the context requires otherwise, have the same meanings in this announcement. Enquiries Quadnetics 01527 850080 Russ Singleton, Chief Executive Nigel Poultney, Finance Director Brewin Dolphin Securities Ltd 0113 241 0130 (Financial Adviser and Corporate Broker to Quadnetics) Neil Baldwin Keith Williams Protec 01923 211550 Bill Moir, Chief Executive Teather & Greenwood 020 7246 9000 (Financial Adviser and Corporate Broker to Protec) Jeff Keating Rob Naylor Media Enquiries Abchurch Communications 0207 398 7700 Chris Munden Ariane Comstive This information is provided by RNS The company news service from the London Stock Exchange

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