19th Feb 2007 09:49
Eurotunnel PLC/Eurotunnel S.A.19 February 2007 19 February 2007 Immediate release Second step of the Safeguard Plan: Underwriting of available Tier 3 NRS The NRS which have become available due to the take up of the Cash Option byfour of the holders of Tier 3 (1) debt have been fully underwritten by the otherholders of Tier 3 and by a large majority of the bondholders. At this point, the monetisation of these NRS is therefore guaranteed through thecash made available by the creditors who have put themselves forward tounderwrite the available NRS. Eurotunnel will not therefore be required to fundpayment of the Cash Option. A priority reserve of £60 million of NRS will be available to Eurotunnelshareholders who take part in the Exchange Tender Offer. (1) Ref: Eurotunnel Press release dated 05 February 2007, "First step of theSafeguard Plan: Tier 3 Creditors take Cash Option". No 007/2006 For media enquiries contact The Press Office on + 44 (0) 1303 284491.Email: [email protected] For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.Email: [email protected] www.eurotunnel.com Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromtrain operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eutelsat Com