Groupe Eurotunnel SA : Successful implementation of the financial restructuring - Listing on 2 July 2007

The settlement of the exchange tender offer and the financial restructuring took place on 28 June 2007 under the aegis of the Commissioners for the execution of the Safeguard Plan.

This vast and complex international operation, carefully organised by Freshfield Bruckaus Deringer France, legal advisers to Groupe Eurotunnel SA, was remarkably implemented by the Caisse des Dépôts et Consignation closely with BNP Securities Services, our registrars and Lucid Issuer Services in relation to bondholders.

The first admission of the Groupe Eurotunnel SA shares and warrants to listing and trading on Eurolist by Euronext™, as well as of the notes redeemable in Groupe Eurotunnel SA shares issued by Groupe Eurotunnel SA’s UK subsidiary, Eurotunnel Group UK plc, will take place on Monday 2 July 2007. The shares in Groupe Eurotunnel SA and the notes redeemable in GET SA shares issued by EGP will be admitted to trading on the London Stock Exchange for the first time on the same date.

Groupe Eurotunnel SA being the holder, as at 28 June 2007, of over 90% of the Eurotunnel SA/PLC Units, will today request from the UK Listing Authority the cancellation of the listing of the Eurotunnel Units in London. The shareholders concerned are informed that the required notice period of 20 business days starts today and that the delisting should occur around 27 July 2007. A similar request for delisting will be made in respect of the listing of the Units in Brussels.

The names of Eurotunnel SA and Eurotunnel PLC, now subsidiaries of Groupe Eurotunnel SA, are to be changed to TNU SA and TNU PLC respectively.

Jacques Gounon, Chairman and Chief Executive of Groupe Eurotunnel SA, declared:

"We have successfully turned a new page. Groupe Eurotunnel SA has now taken its place amongst other large European businesses with an expanding future. »

 

Contacts