Offer unconditional

Babcock International Group PLC 09 July 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE PRESS ANNOUNCEMENT 9 July 2007 BABCOCK INTERNATIONAL GROUP PLC ('BABCOCK') FINAL CASH OFFER FOR INTERNATIONAL NUCLEAR SOLUTIONS PLC ('INS') FINAL CASH OFFER UNCONDITIONAL IN ALL RESPECTS On 19 June 2007, Babcock announced that it had acquired or had an option to acquire 43.3 per cent. of the existing issued share capital of INS and launched a final recommended mandatory cash offer for INS of 63 pence per share (the 'Final Cash Offer'). In addition, at that time Babcock indicated that it had received irrevocable commitments to accept the Final Cash Offer from the directors of INS in respect of a further 0.4 per cent. of the existing issued share capital of INS. Level of acceptances and ownership As at 11.00 a.m. (London time) on 9 July 2007 Babcock has acquired or has received valid acceptances in respect of a total of 31,745,759 INS Shares, representing approximately 50.9 per cent. of the existing issued share capital of INS. As a result, the Final Cash Offer has become unconditional in all respects. Of this total: - Babcock owns 27,954,131 INS Shares, representing approximately 44.8 per cent. of the existing issued share capital of INS; and - Babcock has received valid acceptances for 3,791,628 INS Shares representing approximately 6.1 per cent. of the existing issued share capital of INS (including acceptances pursuant to irrevocable undertakings to accept the Final Cash Offer in respect of a total of 253,904 INS Shares, representing approximately 0.4 per cent. of the existing issued share capital of INS). Extension of the Final Cash Offer The Board of Babcock announces that the Final Cash Offer has been extended and will remain open for acceptance for a further 15 days, until 3.00 p.m. on 24 July 2007. Procedure for acceptance INS Shareholders who have not yet accepted the Final Cash Offer are urged to do so as soon as possible and in any event no later than 3.00 p.m. on 24 July 2007. The procedure for acceptance is set out in paragraph 18 of Part 2 of the Offer Document. Forms of Acceptance not yet returned should be completed and returned in accordance with the instructions set out in the Offer Document and in the Form of Acceptance so as to be received as soon as possible and in any event no later than 3.00 p.m. on 24 July 2007. If INS Shares are held in CREST acceptance should be made electronically so that the TTE instruction settles as soon as possible and in any event no later than 3.00 p.m. on 24 July 2007. Terms defined in the Offer Document dated 19 June 2007 shall have the same meaning in this announcement. Enquiries: Babcock Telephone: +44 (0) 20 7291 5000 Gordon Campbell Peter Rogers Bill Tame Hawkpoint (financial adviser to Babcock) Telephone: +44 (0) 20 7665 4500 Paul Baines JPMorgan Cazenove (broker to Babcock) Telephone: +44 (0) 20 7588 2828 Dermot McKechnie Financial Dynamics (Babcock PR enquiries) Telephone: +44 (0) 20 7269 7121 Susanne Walker The release, publication or distribution of this announcement to persons who are not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions in which they are located. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable requirements. Any failure to comply with such applicable requirements may constitute a violation of the securities laws of any such jurisdictions. Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Babcock and no one else in connection with the Final Cash Offer and will not be responsible to anyone other than Babcock for providing the protections afforded to clients of Hawkpoint nor for providing advice in relation to the Final Cash Offer, the content of this announcement or any matter referred to herein. JPMorgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Babcock and no one else in connection with the Final Cash Offer and will not be responsible to anyone other than Babcock for providing the protections afforded to clients of JPMorgan Cazenove nor for providing advice in relation to the Final Cash Offer, the content of this announcement or any matter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange
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