| Kazincbarcika, July 7, 2006 Re: Extraordinary announcement BorsodChem Rt. hereby informs its investors and other participants of the capital markets: On 6 July 2006 outside of business hours, late night the Board of Directors of BorsodChem Rt. ("BorsodChem" or the "Company") received a letter via fax from Kikkolux S.àr.l. (282 route de Longwy, L-1940 Luxembourg; Company Reg. No.: B 109 992; “Kikkolux") in which Kikkolux informed the Board of its potential intention to make a takeover bid for the ordinary shares of the Company subject to business/commercial, accounting & tax, legal & insurance, technical & evironmental due diligence. The Board has reviewed the content of the letter and established the following. Kikkolux is owned by the Permira Funds with a total committed capital of more than Euro 20 billion. The Permira Funds are advised by Permira Beteiligungsberatung GmbH (Falkstr. 5, 60487 Frankfurt, Germany). Kikkolux has entered into option agreements with key shareholders of the Company controlling approx. 39 million BorsodChem shares representing approx. 52% of the registered ordinary shares of BorsodChem, which entitle Kikkolux to acquire the shares at a price of HUF 3,000 per share. In its letter Kikkolux expressed its intention to launch a public takeover offer to acquire the outstanding shares in BorsodChem subject to the satisfactory completion of a full scale due diligence of BorsodChem and the availability of financing. Subject to the foregoing Kikkolux would be prepared to offer a share price of HUF 3,000 per share to all shareholders of BorsodChem. To indicate the seriousness of its intentions, Kikkolux has presented to the Board the letters of intent regarding the financing of the contemplated transaction issued by the Royal Bank of Scotland, Lehman Brothers Europe Limited and HSBC Bank plc. On the basis of the foregoing the Board has resolved to allow Kikkolux as a potential bidder to perform at its own cost a due diligence investigation on the Company by being granted access to the information gathered by the Company in a data room set up for this purpose subject to the acceptance by Kikkolux of a confidentiality agreement and data room rules providing for the protection of the Company’s interest. Dr. János Illéssy Kay Gugler Deputy CEO Chief Executive Officer __________ Raport ten został również opublikowany na Budapesztańskiej Giełdzie Papierów Wartościowych oraz na Londyńskiej Giełdzie Papierów Wartościowych. Pełna treść niniejszego Raportu zostanie opublikowana w języku polskim w możliwie najkrótszym czasie, jednak nie pó¼niej niż w ciągu 5 dni od dnia dzisiejszego. Miklós Hanti Dyrektor Departamentu Relacji Inwestorskich. | |
