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Offer Update

8th Jan 2008 07:00

Imperial Tobacco Group PLC08 January 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITEDSTATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. 8 January 2008 Imperial Tobacco Group PLC extends the acceptance period of the takeover offerfor Altadis, S.A. In accordance with article 23.2 of the Royal Decree 1066/2007 of 27 Julyrelating to the legal regime applicable to public takeover bids in Spain,Imperial Tobacco Group PLC ("Imperial Tobacco") has decided to extend theacceptance period of the all cash offer by its wholly owned subsidiary ImperialTobacco Overseas Holdings (3) Limited (the "Offer") for the entire issued sharecapital of Altadis, S.A. ("Altadis"). The acceptance period, which was to end on 11 January 2008, is extended until 18January 2008, inclusive. All acceptances of the Offer must be received on orbefore 18 January 2008. Imperial Tobacco will not further extend the acceptance period beyond 18 January2008, unless a competing offer is filed with the National Commission on theSecurities Market (Comision Nacional del Mercado de Valores) (the "CNMV").Following this extension, the last day on which a competing offer can be filedwith the CNMV is 14 January 2008. Imperial Tobacco has taken this decision to extend the acceptance period to givemore time for Altadis's shareholders to accept the Offer following the Christmasand New Year period. On 14 November 2007, Altadis announced that: • the Board of Directors of Altadis unanimously considers the all cash price offered by Imperial Tobacco of €50 per Altadis share to be fair from a financial point of view; • the Board of Directors of Altadis unanimously considers the Offer to be attractive and recommends the Offer to its shareholders; and • the directors of Altadis who are, directly or indirectly, holders of shares in Altadis intend to accept the Offer in respect of such holdings, unless a competing offer arises. The Offer remains conditional upon 80% of the Altadis shares being tendered inacceptance of the Offer. Enquiries ImperialAlex Parsons (Head of Corporate Communications) Telephone: +44 (0) 117 933 7241Simon Evans (Group Press Officer) Telephone: +44 (0) 117 933 7375John Nelson-Smith (Investor Relations Manager) Telephone: +44 (0) 117 933 7032Nicola Tate (Investor Relations Manager) Telephone: +44 (0) 117 933 7082 Citi Telephone: +44 (0) 20 7986 4000Ian Carnegie-BrownIan HartMark Todd Manuel Falco Telephone: +34 (0) 91 538 4411 Hoare Govett (joint corporate broker to Telephone: +44 (0) 20 7678 8000Imperial Tobacco)Hugo FisherPaul Nicholls Morgan Stanley (joint corporate broker to Telephone: +44 (0) 20 7425 5000Imperial Tobacco)Paul Baker Citi, Hoare Govett limited and Morgan Stanley & Co. International limited whichare authorised and regulated in the United Kingdom by the Financial ServicesAuthority, are acting exclusively for Imperial and no one else in relation tothe matters referred to in this announcement and will not be responsible toanyone other than Imperial for providing the protections afforded to clients ofCiti, Hoare Govett limited and Morgan Stanley & Co. International limitedrespectively nor for providing advice in relation to these matters, the contentof this announcement or any matter referred to in it. Copies of Imperial's announcements are available on its website:www.imperial-tobacco.com This press release is not an offer of securities for sale in the United States.The securities of Imperial Tobacco may not be offered or sold in the UnitedStates absent registration or an exemption from registration. Any publicoffering of securities to be made in the United States will be made by means ofa prospectus that will contain detailed information about the company andmanagement, as well as financial statements. Information on Imperial Tobacco Imperial Tobacco is the world's fourth largest international tobacco company.The group manufactures and sells a comprehensive range of cigarettes, tobaccos,cigars, rolling papers and tubes in over 130 countries worldwide. This information is provided by RNS The company news service from the London Stock Exchange

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