10th May 2006 16:34
VT GROUP PLC10 May 2006 For immediate release 10 May 2006 VT Group plc ("VT") Statement regarding Babcock International Group plc ("Babcock") On 23 March 2006, BAE Systems plc and VT announced that they were engaged inexploratory discussions with respect to a potential joint offer for Babcock.These discussions have now ceased. VT therefore announces that it has no presentintention of making an offer for Babcock*. Enquiries: VTPaul Lester, Chief Executive - 01489 775 211Chris Cundy, Commercial Director - 01489 775 224 Citigate Dewe RogersonGinny Pulbrook - 020 7282 2945 * Note: Pursuant to Rule 2.8 of the City Code on Takeovers and Mergers (the"Code"), VT reserves the right to announce an offer or possible offer forBabcock and/or take any other action which would otherwise be restricted underRule 2.8 of the Code within the next six months if there is a material change ofcircumstances or if any of the following events occurs: (i) the agreement or recommendation of the Board of Babcock to an offer from VTor from a person with whom VT is acting in concert, or to a joint offer from VTand a concert party; (ii) the announcement of an offer by a third party for Babcock; or (iii) the announcement by Babcock of a whitewash proposal or of a reversetakeover. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE SystemsBabcock