Result of Open Offer

HELPHIRE GROUP PLC - Result of Open Offer

PR Newswire

London, March 15

This announcement is not for release, publication or distribution, directly orindirectly, in or into the United States, Canada, South Africa, Australia,Japan or any jurisdiction in which the same would be unlawful. Thisannouncement is not an offer of securities in the UK, the United States,Canada, South Africa, Australia, Japan or any jurisdiction in which the samewould be unlawful.

The Board of Helphire announces that it has received valid acceptances fromQualifying Shareholders in respect of 652,813,416 Placing and Open OfferShares, representing approximately 75.8 per cent. of the Placing and Open OfferShares available pursuant to the Open Offer.

The 208,690,519 Placing and Open Offer Shares not applied for by QualifyingShareholders under the Open Offer will be taken up by placees under the termsof the Placing Agreement.

The Placing and Open Offer Shares will, on First Admission, rank in full forall dividends and other distributions declared, made or paid on the OrdinaryShares after Admission and will otherwise rank pari passu in all respects withthe Ordinary Shares in issue at the time of First Admission.

The Open Offer remains conditional, inter alia, upon approval of theRefinancing Resolutions at the General Meeting, admission of the Placing andOpen Offer Shares to the Official List and to trading on the London StockExchange's market for listed securities. It is expected that First Admissionwill occur, and that dealings in the Placing and Open Offer Shares and in the164,000,000 Firm Placing Shares will commence, at 8.00 a.m. on 26 March 2013.

Except for words and phrases specifically defined in this announcement,capitalised words and phrases shall bear the meanings given to them in theprospectus sent to Helphire Shareholders on 28 February 2013.

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