Offers Unconditional

ENIC Limited 13 July 2007 Not for release, publication or distribution, in whole or in part, in, into or from the United States, Canada, Australia or Japan or any other jurisdiction where it would be unlawful to do so. PRESS ANNOUNCEMENT EMBARGOED UNTIL 7AM 13 July 2007 CASH OFFERS by ENIC INTERNATIONAL LTD for TOTTENHAM HOTSPUR PLC OFFERS UNCONDITIONAL IN ALL RESPECTS On 5 July 2007, ENIC International posted an offer document (the 'Offer Document') to Tottenham Hotspur Shareholders in respect of the mandatory cash offers under Rule 9 of the City Code of 113.6 pence for each Tottenham Hotspur Ordinary Share (the 'Ordinary Offer') and £1,773.77 for each Tottenham Hotspur Preference Share (the 'Preference Offer'). The board of ENIC International is now pleased to announce that the Ordinary Offer has become unconditional as to acceptances. As there were no other conditions to the Ordinary Offer, the Ordinary Offer is hereby declared unconditional in all respects. As stated in the Offer Document, the Preference Offer is unconditional. As at 5.00 p.m. (London time) on 12 July 2007, valid acceptances of the Ordinary Offer and the Preference Offer had been received in respect of 9,346,846 Tottenham Hotspur Ordinary Shares and 149 Tottenham Hotspur Preference Shares respectively. This represents approximately 10.09 per cent. and 0.25 per cent. of the existing issued ordinary and preference share capital of Tottenham Hotspur respectively. As a result of the Amshold Transaction and a further purchase of 3,689 Tottenham Hotspur Preference Shares on 14 June 2007, ENIC International is also interested in 44,052,675 Tottenham Hotspur Ordinary Shares and 53,252 Tottenham Hotspur Preference Shares, representing approximately 47.56 per cent. and 90.56 per cent. of Tottenham Hotspur's existing issued ordinary and preference share capital respectively. Therefore, as at 5.00 p.m. (London time) on 12 July 2007, ENIC International owned, controlled or had received valid acceptances in respect of a total of 53,399,521 Tottenham Hotspur Ordinary Shares and 53,401 Tottenham Hotspur Preference Shares, representing approximately 57.66 per cent. and 90.82 per cent. of the existing issued ordinary and preference share capital of Tottenham Hotspur respectively. Tottenham Hotspur Ordinary Shareholders and Tottenham Hotspur Preference Shareholders who wish to accept the Ordinary Offer and / or the Preference Offer, and who have not yet done so, should act in accordance with the instructions set out in the Offer Document dated 5 July 2007 and (in respect of Tottenham Hotspur Shares held in certificated form) the Form(s) of Acceptance as soon as possible. Further copies of the Offer Document and Forms of Acceptance are available to Tottenham Hotspur Shareholders who are entitled to receive these documents by calling Capita Registrars on 0870 162 3121 (or, from outside the United Kingdom, +44 20 8639 3399) between 9.00 a.m. and 5.00 p.m. (London time), Monday to Friday (excluding UK public holidays). The First Closing Date of the Offers is 1.00 p.m. (London time) on 26 July 2007. Settlement will be effected on or before 9 August 2007 to such Tottenham Hotspur Shareholders who have validly accepted the relevant Offer(s) prior to the First Closing Date. Settlement for Tottenham Hotspur Shareholders who validly accept the relevant Offer(s) from the First Closing Date onwards will be effected within 14 calendar days of receipt of their valid acceptance. Certain terms used in this announcement are defined in the Offer Document dated 5 July 2007. Enquiries: Holborn PR (PR adviser to ENIC International) Tel: 020 7929 5599 Trevor Phillips 07889 153628 Kaupthing Limited (Financial adviser to ENIC International) Tel: 020 3205 5000 Jos Trusted Cameron Jack Seymour Pierce Limited (Joint financial adviser to Tottenham Hotspur) Tel: 020 7107 8000 Richard Feigen Jonathan Wright Tricorn Partners LLP (Joint financial adviser to Tottenham Hotspur) Tel: 020 7823 0888 Guy Dawson Hansard Group (PR adviser to Tottenham Hotspur) Tel: 020 7245 1100 John Bick Kaupthing Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for ENIC International and no one else in relation to the Offers and will not be responsible to anyone other than ENIC International for providing the protections afforded to clients of Kaupthing Limited or for providing advice in relation to the Offers or any matter referred to in the Offer Document. Seymour Pierce Limited and Tricorn Partners LLP, each of which is authorised and regulated in the United Kingdom by the Financial Services Authority, are acting exclusively for Tottenham Hotspur and no one else in relation to the Offers and will not be responsible to anyone other than Tottenham Hotspur for providing the protections afforded to their respective clients or for providing advice in relation to the Offers or any matter referred to in the Offer Document. This announcement is not intended to and does not constitute, or form part of, an offer or an invitation to purchase or sell Tottenham Hotspur Ordinary Shares or Tottenham Hotspur Preference Shares or any other securities pursuant to the Offers or otherwise. The Offers are being made solely by the Offer Document and the Forms of Acceptance, which contain the full terms and conditions of the Offers, including details of how they may be accepted. The availability of the Offers to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Persons who are not resident in the United Kingdom, or who are subject to the laws of any jurisdiction other than the United Kingdom, should inform themselves about and observe any applicable requirements. Further details in relation to overseas shareholders are contained in the Offer Document. The Offers are not being made, directly or indirectly, in or into the United States or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile or other electronic transmission, telex or telephone) of inter-state or foreign commerce of, or any facility of, a national, state or other securities exchange of, the United States, nor are they being made directly or indirectly in or into Canada, Australia or Japan and the Offers cannot be accepted by any such use, means, instrumentality or facility or from within the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction. Accordingly, copies of this announcement, the Offer Document and the Forms of Acceptance are not being, will not be and must not be mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction and persons receiving this announcement, the Offer Document and the Forms of Acceptance (including without limitation custodians, nominees and trustees) must not mail, forward, distribute or send them in, into or from the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction. Doing so may render invalid any purported acceptance of the Offers. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, 'interested' (directly or indirectly) in one per cent. or more of any class of ' relevant securities' of Tottenham Hotspur, all 'dealings' in any such 'relevant securities' (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 Business Day following the date of the relevant transaction. This requirement will continue until the date (in the case of the Ordinary Offer) on which the Ordinary Offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or (in the case of both Offers) 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 Tottenham Hotspur, 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 City Code, all 'dealings' in 'relevant securities' of Tottenham Hotspur by ENIC International or by Tottenham Hotspur, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the 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 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 City 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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