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Merger Update

7th Feb 2005 15:00

Office of Fair Trading07 February 2005 INVITATION TO COMMENT Anticipated acquisition of the Integrated Kent Franchise by South EasternRailways Limited (SER), a joint venture company between DSB and Stagecoach Groupplc The Office of Fair Trading is considering whether arrangements are in progressor in contemplation which, if carried into effect, will result in the creationof a relevant merger situation under the merger provisions of the Enterprise Act2002. Should it be found to be a relevant merger situation, the OFT willfurther consider whether the creation of that situation may be expected toresult in a substantial lessening of competition within any market or markets inthe United Kingdom for goods or services that warrants reference to theCompetition Commission for investigation and report. Affected Sector: Passenger rail and bus transport services Please send written representations about any competition or public interestissues to: Mr H Bakay Office of Fair Trading Fleetbank House 2-6 Salisbury Square London EC4Y 8JX FAX: 020-7211-8916 to arrive by 21 February 2005. This information is provided by RNS The company news service from the London Stock Exchange

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