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Kayser Bondor Ld. (62HF)

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Thursday 18 May, 2006

Kayser Bondor Ld.

Change of Ownership

Kayser Bondor Ld
18 May 2006


Kayser Bondor Limited
Company No.: 229735
LONDON 18 MAY, 2006
 
COMPANY ANNOUNCEMENT
For Immediate Release
 

RE: CHANGE OF OWNERSHIP
 

Sara Lee Corporation, the ultimate controlling party of the Company, has
announced that it has entered into a purchase agreement for the sale of its UK
based Courtaulds apparel business, which would include the shares of the Company
held within the Sara Lee group, to a group led by PD Enterprise Ltd., a global
garment producer. PD Enterprise Ltd. operates nine facilities that produce more
than 120 million garments annually. Its products include bras, underwear,
nightwear, swim and beachwear, formalwear and casualwear, jackets and coats,
babywear and socks.

Completion of the transaction is subject to customary conditions and is expected
to occur by 1 July 2006, the end of Sara Lee's fiscal year.

Following completion of the transaction, all inter-group indebtedness currently
owed to the Company will either remain in place within the group being sold, or
to the extent owed by a company remaining within the Sara Lee group, will be
assigned to the buyer group. The buyer has confirmed that its group will
continue to meet all of the payment and other obligations in respect of all such
indebtedness.
 


 
Enquiries:
Kayser Bondor Limited
225 Bath Road
Slough
Berkshire SL1 4AU



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