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SAR - (API Group plc)

11th Jan 2005 07:00

Steel Partners II LP10 January 2005 FORM SAR 3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.A copy must also be sent to the company the shares of which are acquired. Date of disclosure January 10, 2005............................................................... DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNINGSUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of acquisition January 10, 2005 Acquisition in (name of company) API Group plc............................................................... 1. Class of voting shares (eg ordinary shares) ordinary shares............................................................... Number of shares/rights over shares acquired 850,000 Shares........none Rights If rights over shares acquired, as opposed to the shares themselves, specifynature of rights N/A............................................................... 2. Resultant total holding of voting shares (and % of total voting shares inissue)8,575,000 25.33% Resultant total holding of rights over shares (and % of total voting shares inissue) N/A.......... ..........% Total percentage8,575,000 25.33% 3. Party making disclosure Steel Partners II LP, WebFinancial Corporation 4. (a) Name of person acquiring shares or rights over sharesSteel Partners II LP............................................................... and, if different, beneficial owner............................................................... (b) Names of any other persons acting by agreement or understanding (see SAR 5) Signed, for and on behalf of the party named in (3) above Jack L. Howard (Also print name of signatory) Jack L. Howard Telephone and extension number212 758-3232 x120 Note. Under SAR 5, the holdings of and acquisitions by persons acting byagreement or understanding must be aggregated and treated as a holding of oracquisition by one person. Note 3 on SAR 5 requires persons who must aggregateholdings to disclose certain disposals. For full details of the SARs disclosure requirements, see Rules 3 and 5 of theSARs. If in doubt, contact the Panel on Takeovers and Mergers, MonitoringSection. Tel. No: 020 7638 0129.Email:[email protected] This information is provided by RNS The company news service from the London Stock Exchange

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