ERIKS gives notice to AFM of secured shareholdingFrom
Executive Board ERIKS group nv
+31-72 54 75 888
7 April 2008
ERIKS GIVES NOTICE TO AFM OF SECURED SHAREHOLDING IN ECONOSTO
This is a public announcement by ERIKS group nv pursuant to the provisions of Section 4 paragraph 1 of the Dutch Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft). This announcement does not constitute an offer for ordinary shares in Royal Econosto N.V. This announcement is not for release, distribution or publication in whole or in part, in or into Australia, Canada, Japan or the United States of America.
Reference is made to the press releases issued by ERIKS group nv (“ERIKS”) on 31 March, 1 April, 2 and 3 April 2008 in respect of its intended public offer for all of the issued and outstanding ordinary shares in the share capital of Royal Econosto N.V. with a nominal value of EUR 0.50 each (the “Shares”) at an increased offer price of EUR 8.21 in cash per Share.
On 3 April 2008 ERIKS gave notice to the Netherlands Authority for the Financial Markets (AFM), that it had purchased approximately 29% of the Shares and that it obtained a call option in respect of approximately 15.9% of the Shares held by certain large shareholders, who already had committed themselves to tender these Shares under the Offer when made. Thus, ERIKS has secured approximately 44.9% of the Shares.
This release does not constitute or form part of an offer to purchase, sell or subscribe for any securities of ERIKS group nv.
This press release includes “forward-looking statements” and language indicating trends, such as “anticipated” and “expected”. Although ERIKS believes that the assumptions upon which its financial information and forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from ERIKS’ projections and expectations are disclosed in ERIKS’ annual report for the year ended 31 December 2007 and in other documents which are available on ERIKS’ website at www.eriks.com. These factors include, among others, changes in consumer preferences and product trends; price discounting by major competitors; failure to realize anticipated results from synergy initiatives; failure to obtain regulatory consents or other third party approvals; and increases in costs generally. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. ERIKS does not undertake to update forward-looking statements relating to its businesses, whether as a result of new information, future events or otherwise. ERIKS does not accept any responsibility for any financial information contained in this press release relating to the business or operations or results or financial condition of Econosto.
This press release is also published in Dutch.
For further information please contact Mr. J. van der Zouw, CEO and/or Mr. J.G. de Boer, CFO