7th May 2008 15:50
Karl E Watkin07 May 2008 7 May 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,CANADA OR JAPAN FOR IMMEDIATE RELEASE Karl E. Watkin ("Karl Watkin") Statement Re: D1 Oils Plc ("D1 Oils" or "the Company") Karl Watkin announced on 20 March 2008 that he was at a very preliminary stagein evaluating all options with regard to his shareholding in D1 Oils("Shareholding"). The options included an increase or decrease in hisShareholding, and whether or not to make an offer for the Company. While Karl Watkin continues to consider his options with regard to hisShareholding, he confirms he has no present intention of making an offer for D1Oils. Under Rule 2.8 of the City Code on Takeovers and Mergers, and except with theconsent of the Takeover Panel, the statement in the preceding paragraph willprevent Karl Watkin or anyone acting in concert with him from announcing anoffer or possible offer for D1 Oils or taking certain other action within thenext six months unless there has occurred an event, as set out below, whichenables the statement to be set aside. Accordingly, for the purposes of Rule 2.8 of the City Code, Karl Watkin reservesthe right (on behalf of himself and anyone acting in concert with him) toannounce an offer or possible offer for D1 Oils and/or to take any other actionwhich would otherwise be restricted under Rule 2.8 of the City Code within thenext six months in the event that: (i) the agreement or recommendation of the board of D1 Oils is given to themaking of such an announcement or the taking of any such other action; or (ii) a third party announces an offer for D1 Oils; or (iii) if any announcement is made by or on behalf of D1 Oils that it is indiscussions which may or may not lead to an offer (or partial offer), orformally or informally invites an offer (or partial offer) for D1 Oils; or (iv) D1 Oils announces a 'whitewash proposal' or a 'reverse takeover' (each asdefined in the Takeover Code) Contact Brian Coleman-Smith Cubitt Consulting Limited +44 20 7367 5100 (Office)+44 7802 724 400 (Mobile) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L