5th Jun 2006 07:00
Eurotunnel PLC/Eurotunnel S.A.04 June 2006 4 June 2006 Eurotunnel press release In response to recent articles in the press, Eurotunnel wishes to make thefollowing observations: • The members of the Ad Hoc committee signed a confidentiality agreement in August 2004 prior to entering into negotiations with Eurotunnel. • Goldman Sachs, Macquarie and Barclays signed similar such confidentiality agreements in the light of the discussions which have led to the recently announced agreements. • By contrast, none of the bond holders has signed a confidentiality agreement as a bond holder, notably due to the fact that would lead to a ban on trading in the markets, for both debt and equity. However, Close Brothers, advisors to some of the bondholders, signed a confidentiality agreement on 23 June 2005 and, as a result, have had permanent access to the Group's financial and operational information. • As for the alternative plans from different financial institutions mentioned in the press: The Group confirms that, at today's date, it has not been officially contactedand that neither has it received any alternative restructuring plan from anyother financial institution. The binding agreement signed with the Ad Hoc Committee on 23 MAY 2006 andfinanced by the consortium, Goldman Sachs, Barclays and Macquarie, envisages areduction of the initial debt, reducing it from £6.20bn to £2.90bn. The groupstresses that any alternative solution should, in terms of debt write off, haveat least the same ambition. No 979/2006 For media enquiries contact John Keefe on + 44 (0) 1303 284491.Email: [email protected] For investor enquiries contact Xavier Clement on + 33 1 55 27 36 27.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:
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