Announcement by the AMF of the Provisional Results of the Offer by Groupe Eurotunnel SA for the Units of Eurotunnel SA / Eurotunnel Plc

Strong Support from Shareholders for Groupe Eurotunnel SA

The Autorité des marchés financiers has just published the provisional results of the offer by Groupe Eurotunnel SA (GET SA) for the Units of Eurotunnel SA / Eurotunnel PLC, which indicate that around 87% of the share capital of the companies have been tendered to the offer.

These results clearly show the support of shareholders of the Safeguard Plan proposed by Eurotunnel and approved on 15 January 2007 by the Paris Commercial Court.

The offer being a clear success, it will be reopened very shortly for a period that will be announced later.

The reopening of the offer will enable shareholders of Eurotunnel SA and Eurotunnel PLC to tender their Units of Eurotunnel SA / Eurotunnel PLC on the following terms:

  • one GET SA ordinary share; and
  • one warrant to subscribe for GET SA ordinary shares for each Eurotunnel SA / Eurotunnel PLC Unit tendered.

However, it will no longer be possible to subscribe for Notes Redeemable in Shares (NRS) that were only available for subscription by shareholders having tendered their Units to the offer during the initial period.

Shareholders are reminded that Units tendered to the offer can no longer be traded. New GET SA shares and warrants will be issued in exchange for Units tendered to the offer on 28 June 2007. The shares and warrants will be admitted to trading on Eurolist by Euronext Paris and the shares will be admitted to trading on the London Stock Exchange following completion of the final formalities required for the implementation of the Safeguard Plan at a date that will be communicated later.

Jacques Gounon, Chairman and Chief Executive Offer, stated:

“Eurotunnel is saved. I would like to sincerely thank shareholders who have shown their strong support for the Safeguard Plan. The unquestionable success of the offer confirms their commitment to this great group. It enables Eurotunnel to have a fresh start. I would call on those who have not yet tendered their Units to benefit from the second chance that they will have to join the new company, which will be the only way to enable them to preserve their investment.

The group also wants to thank the banking networks whose work over the past weeks, and in particular the final days, has made this success possible.”