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Recommended Cash Offer On Behalf Of Rolls-Royce For Vickers : Level Of Acceptances And Extension Of Offer



Rolls-Royce announced today that, as at 3.00 pm (London time) on 3 November 1999, it had received acceptances under the Offer, or has acquired, a total of 203,240,073 Vickers Shares representing approximately 88.0% of the issued share capital of Vickers.

As at 3.00 pm (London time) on 3 November 1999, Rolls-Royce had received valid acceptances under the Offer for 134,300,773 Vickers Shares, representing approximately 58.1% of the issued share capital of Vickers.

In addition, on 20 September 1999 (the date on which the Offer Period commenced), Rolls-Royce acquired, through market purchases, 68,939,300 Vickers Shares, representing approximately 29.9% of the issued share capital of Vickers.

Except as disclosed above, Rolls-Royce did not hold any Vickers Shares (or rights over such shares) prior to the Offer Period and Rolls-Royce has not acquired or agreed to acquire any Vickers Shares (or rights over such shares) during the Offer Period.

Except for 1,259 Vickers Shares held by Merrill Lynch International, no person acting in concert with Rolls-Royce for the purposes of the Offer held any Vickers Shares (or rights over such shares) prior to the Offer Period, or has acquired or agreed to acquire any Vickers Shares (or rights over such shares) during the Offer Period. No acceptances of the Offer have been received from persons acting in concert with Rolls-Royce for the purposes of the Offer.

The Offer remains conditional, inter alia, on approval by competition authorities in several countries and has been extended and will remain open for acceptance until 3.00 pm (London time) on 17 November 1999.
Words and expressions defined in the Offer Document dated 29 September 1999 shall, unless the context otherwise requires, have the same meanings when used in this announcement.

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Recommended Cash Offer On Behalf Of Rolls-Royce For Vickers : Level Of Acceptances And Extension Of Offer