21st Mar 2006 16:50
Eurotunnel PLC/Eurotunnel S.A.21 March 2006 Eurotunnel to convert elements of debt into bonds In accordance with the financing agreements of 1998, the Joint Board ofEurotunnel voted on 21 March 2006 to convert the Resettable and StabilisationAdvances, which make up part of its subordinated debt, into bonds. At 31 December 2005, there were £464 million* of Resettable Advances and £379million* of Stabilisation Advances amounting, in total, to 14% of the debt. This conversion will be at the nominal value of the Stabilisation and ResettableAdvances at the time of conversion, which will be before the end of June 2006. Eurotunnel already has £861 million* of Participating Loan Notes (PLNs), quotedin Luxembourg. *Exchange rate: £1 = €1.459 No 966/2006 For media enquiries contact John Keefe on + 44 (0) 1303 284491. Email: [email protected] For investor enquiries contact Xavier Clement on + 33 1 55 27 36 27. Email: [email protected] www.eurotunnel.com Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromtrain operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eutelsat Com