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17/04/2007

Wienerberger cash acquisition of Baggeridge

Vienna, April 17, 2007 - The Board of Wienerberger announces that the acceptance condition of the Offer for Baggeridge Brick PLC has to be in respect of more than 50 percent of the nominal value of the Baggeridge shares.

Vienna, April 16, 2007 - The Board of Wienerberger AG ("Wienerberger") notes the recent purchases by Michelmersh Brick Holdings PLC ("Michelmersh") of Baggeridge Brick PLC ("Baggeridge") shares and announces that it will be electing to implement the Proposal by way of a takeover offer rather than a Scheme of Arrangement, in accordance with Appendix 1, Part C of the announcement of the Recommended Cash Acquisition of Baggeridge dated 17 August 2006.
Terms used but not defined in this announcement shall have the meanings given to them in the announcement of the original Proposal dated 17 August 2006.
For additional information contact:
Barbara Braunöck, Investor Relations Wienerberger
T +43(1)60192-487 | communication@wienerberger.com
Anton Ulmer, Corporate Development Wienerberger
T: +43(1)60192-742 | communication@wienerberger.com
Benjamin Lee, UBS Investment Bank (Financial Adviser to Wienerberger)
T: +44(20)756 78000
Thomas Onions, UBS Investment Bank (Financial Adviser to Wienerberger)
T: +44(20)756 78000
This announcement is for informational purposes only and does not constitute an offer to sell or invitation to purchase or subscribe for any securities, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.
UBS is acting for Wienerberger Finance Service B.V. ("Wienerberger FS") and Wienerberger and no-one else in connection with the Proposal and will not be responsible to anyone other than Wienerberger FS and Wienerberger for providing the protections afforded to clients of UBS or for providing advice in relation to the Proposal or any matter referred to in this announcement.
The availability of the Proposal to Baggeridge Shareholders who are not resident in and citizens of the United Kingdom or the United States may be affected by the laws of the relevant jurisdictions in which they are located or of which they are citizens. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdictions.
If the Proposal is carried out by way of offer, the offer will not be made, directly or indirectly, in, into or from any jurisdiction where to do so would violate the laws in that jurisdiction. Accordingly, copies of this announcement and formal documentation relating to the offer will not be and must not be, mailed or otherwise forwarded, distributed or sent in, into or from any jurisdiction where to do so would violate the laws in that jurisdiction. Persons receiving this announcement (including custodians, nominees and trustees) must not mail or otherwise distribute or send this announcement in, into or from any jurisdiction where to do so would violate the laws in that jurisdiction.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or more of any class of "relevant securities" of Baggeridge, all "dealings" in any "relevant securities" of Baggeridge (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Baggeridge, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in "relevant securities" of Baggeridge by Wienerberger FS or Baggeridge, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Takeover Code, which can also be found on the Panel's website. If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial adviser authorised under the Financial Services and Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone number +44 (0) 20 7382 9026; fax +44 (0) 20 7638 1554
Download the press release from: www.wienerberger.com
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