Further to IB Daiwa's offer to purchase the entire share capital of Lodore as announced on 3 November 2005 and its subsequent announcements advising the level of acceptances and that the Offer had been declared unconditional as to acceptances respectively, Lodore has been notified as of 14 November 2005 that further acceptances under the Offer have been received in respect of 23,999,978 additional Lodore Shares (representing 3.97 per cent of the issued share capital of Lodore) taking the aggregate number of Lodore Shares in respect of which acceptances under the Offer have been received to 415,436,761 Lodore Shares (representing 68.77 per cent of the issued share capital of Lodore).
Lodore has also been notified, that the Offer remains open for acceptances and will close, unless extended by IB Daiwa, at 1.00 p.m. in London on Thursday 24 November 2005.