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Timing re Placing and Offer

11th Jul 2005 18:02

Insight Foundation Property Tst Ltd11 July 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,CANADA, AUSTRALIA OR JAPAN. Insight Foundation Property Trust Limited 11 July 2005 Timetable for placing and offer of up 100 million C shares Further to the announcement made on 8 July 2005 of the placing and the offer ofup to 100 million C shares in Insight Foundation Property Trust Limited (the "Company" or "IFPT") by JPMorgan Cazenove Limited ("JPMorgan Cazenove"), whichincluded a statement that the Directors reserved the right to accelerate thetimetable, the Board of IFPT now confirms that the placing will be closed at3.00 p.m. on 14 July 2005 and the offer for subscription will be closed at 5.00p.m. on 15 July 2005. Enquiries: Duncan Owen (Insight Investment Management) 0207 321 1677 Angus Gordon Lennox (JPMorgan Cazenove) 020 7588 2828 This announcement is for information purposes only and does not constitute anoffer or an invitation to acquire or dispose of any securities. Thisannouncement is not for distribution directly or indirectly in or into theUnited States, Canada, Australia or Japan. This announcement does not constitutean offer to sell or issue or the solicitation of an offer to buy or acquireordinary shares in the capital of IFPT in the United States, Canada, Australiaor Japan or any jurisdiction in which such an offer or solicitation is unlawful.The C shares in IFPT referred to in this announcement have not been and will notbe registered under the Securities Act and may not be offered or sold within theUnited States absent registration or an exemption from registration. No publicoffering of securities will be made in the United Kingdom, the United States,Canada, Australia, Japan or elsewhere. This announcement has been issued on behalf of IFPT by JPMorgan Cazenove who areregulated in the United Kingdom by the Financial Services Authority and does notconstitute an offer to sell or a solicitation of an offer to purchase anysecurities. JPMorgan Cazenove are acting exclusively for IFPT and no one else inconnection with the Placing and will not be responsible to anyone other thanIFPT for providing the protections afforded to clients of JPMorgan Cazenove norfor providing any advice in relation to the Placing or any other mattersreferred to in this press announcement. END This information is provided by RNS The company news service from the London Stock Exchange

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