Recommended Offer by the Interpublic Group

Brands Hatch Leisure PLC 30 November 1999 Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan RECOMMENDED OFFER by THE INTERPUBLIC GROUP OF COMPANIES, INC. for BRANDS HATCH LEISURE PLC The board of Interpublic announces that, as at 3.00pm on 30 November 1999, the initial closing date of the Offer, it had received valid acceptances of the Offer from shareholders in Brands Hatch in respect of 19,535,830 Brands Hatch Shares representing approximately 89.2 per cent of Brands Hatch's issued ordinary share capital. As at 4.30pm on 30 November 1999, valid acceptances in respect of 19,931,486 Brands Hatch Shares representing approximately 91.0 per cent of the company's issued share capital, had been received. Accordingly, Interpublic is pleased to announce that the Offer has become wholly unconditional and will remain open for acceptance until 3.00pm on 14 December 1999. Forms of Acceptance received after that time will not be accepted. Following that date, Interpublic intends to issue, in due course, compulsory acquisition notices pursuant to Section 429 of the Companies Act to all those holders of Brands Hatch Shares who have not accepted the Offer and to cause Brands Hatch to make an application for the listing of Brands Hatch Shares on the London Stock Exchange to be cancelled. Prior to 22 October 1999 (the date on which the Offer Period commenced) neither Interpublic nor any person acting in concert with Interpublic for the purposes of the Offer held any Brands Hatch Shares (or rights over such shares) and, other than pursuant to the Offer, no such persons have acquired or agreed to acquire any Brands Hatch Shares (or rights over such shares) since 22 October 1999. Of the acceptances received by Interpublic, 6,573,804 Brands Hatch Shares, representing approximately 30.0 per cent of Brands Hatch's issued ordinary share capital, were the subject of irrevocable undertakings to accept the Offer. 30 November 1999 ENQUIRIES The Interpublic Group of Companies, Inc. Philip Geier, Jr. (Chairman of the Board, President and Chief Executive Officer) Eugene Beard (Vice Chairman, Finance and Operations) Telephone Number: +1 212 399 8000 Website address: www.interpublic.com Octagon Frank Lowe (Chairman of the Board and Chief Executive Officer of Octagon and a director of Interpublic) Telephone Number: 0171 881 8888 or +1 212 888 8847 Website address: www.octagon.com PricewaterhouseCoopers Philip Kendall Gerry Young Telephone Number: 0171 583 5000 Brands Hatch Leisure plc Nicola Foulston (Chief Executive) Robert Bain (Group Finance Director) Telephone Number: 0171 466 5010 Website address: www.brands-hatch.co.uk Pannell Kerr Forster Nick Whitaker Hugh Mathew-Jones Telephone Number: 0171 831 7393 This announcement has been approved by PricewaterhouseCoopers as an investment advertisement solely for the purposes of Section 57 of the UK Financial Services Act 1986. PricewaterhouseCoopers, which is authorised to carry on investment business by The Institute of Chartered Accountants in England and Wales, is acting for Interpublic and no-one else in connection with the Offer and will not be responsible to anyone other than Interpublic for providing the protections afforded to clients of PricewaterhouseCoopers or for giving advice in relation to the Offer. Pannell Kerr Forster, which is authorised to carry on investment business by The Institute of Chartered Accountants in England and Wales, is acting for Brands Hatch and no-one else in connection with the Offer and will not be responsible to anyone other than Brands Hatch for providing the protections afforded to clients of Pannell Kerr Forster or for giving advice in relation to the Offer. This announcement does not constitute an offer or an invitation to purchase any securities. Copies of this announcement are not being, and must not be, mailed or otherwise distributed or sent in or into the United States, Canada, Australia or Japan and persons receiving this announcement (including custodians, nominees and trustees) must not distribute or send it into or from the United States, Canada, Australia or Japan. Not for release, publication or distribution in or into the United States, Canada, Australia or Japan. The definitions used in the Offer Document also apply in this announcement.
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