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Results of Secondary Placing

12th Jan 2006 10:23

Inmarsat PLC12 January 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN RESULTS OF SECONDARY PLACING OF ORDINARY SHARES IN INMARSAT PLC ("INMARSAT") JPMorgan Cazenove Limited ("JPMorgan Cazenove") and Lehman BrothersInternational (Europe) ("Lehman") (together the "Managers") have completed asecondary placing of 80 million ordinary shares in Inmarsat, representing inaggregate 17.5% per cent. of the issued share capital of Inmarsat (the "Placing"), at a price of 348p per share. The sellers of the ordinary shares were funds advised by Apax Partners WorldwideLLP, funds advised by Permira, Comsat Investments Inc., a subsidiary of LockheedMartin and Telenor Satellite Services AS (together the "Sellers"). The shares held by the Sellers which are not the subject of the Placing will besubject to lock up undertakings in terms equivalent to those agreed by them atthe time of Inmarsat's listing and global offering which are effective until theearlier of (i) the date of publication of Inmarsat's preliminary results for thefinancial year ended 31 December 2005 and (ii) the date falling 120 days after31 December 2005. Dated 12 January 2006 Enquiries: JPMorgan Cazenove Laurence Hollingworth Tel: +44 20 7588 2828 Arjun Khullar Tel: +44 20 7588 2828 Lehman Vanessa Oakes Tel: +44 20 7102 3424 This announcement has been issued by the Managers and is the sole responsibilityof the Managers. This announcement is for information purposes only and doesnot constitute an offer or an invitation to acquire or dispose of any securitiesof Inmarsat plc in the United States, Canada, Australia or Japan or in any otherjurisdiction in which such an offer of solicitation is unlawful. The PlacingShares have not been, and will not be, registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offering of securities in the United States. Any investment decision to buy securities in the Placing must be made solely onthe basis of publicly available information which has not been independentlyverified by the Managers or the Sellers. Neither this announcement nor any copy of it may be taken, transmitted ordistributed, directly or indirectly in or into the United States, Canada,Australia or Japan. Any failure to comply with this restriction may constitutea violation of United States, Canadian, Australian or Japanese securities laws. The distribution of this announcement and the offering or sale of the PlacingShares in certain jurisdictions may be restricted by law. No action has beentaken by the Managers, or any of their respective affiliates, or any otherperson that would permit an offer of the Placing Shares or possession ordistribution of this announcement or any other offering or publicity materialrelating to the Placing Shares in any jurisdiction where action for that purposeis required. Persons into whose possession this announcement comes are requiredby the Managers to inform themselves about and to observe any such restrictions. The Managers are acting for the Sellers only in connection with the Placing, andno one else, and will not be responsible to anyone other than the Sellers forproviding the protections offered to clients of the Managers nor for providingadvice in relation to the Placing. End CA060100028 This information is provided by RNS The company news service from the London Stock Exchange

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Inmarsat
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