Possible Offer

Braveheart Investment Group plc 09 April 2008 Not for release, publication or distribution in whole or in part, in or into the United States, Canada, Australia, Japan or the Republic of Ireland Braveheart Investment Group plc ('Braveheart' or the 'Company') Possible Offer Braveheart is considering making a recommended offer for the entire issued and to be issued share capital of ANGLE. The consideration for any such offer would be satisfied in full by the issue of new ordinary shares in Braveheart. Prior to ANGLE entering into an offer period, Braveheart obtained signed, non-binding, letters of intent to support a recommended offer from institutional shareholders in ANGLE, in respect of shares representing 35.76 per cent. of ANGLE's issued ordinary share capital. The Board of Braveheart intends shortly to meet with the board of ANGLE to seek access to further information with a view to obtaining a recommendation for any proposed offer. A further announcement will be made as and when appropriate. There can be no certainty that an offer will be made at all. It would be a precondition to making an offer that Braveheart receive a recommendation from the Board of ANGLE and that (in the opinion of the Board of Braveheart) no material adverse findings arose from due diligence. Were a recommendation not forthcoming and/or due diligence on ANGLE give rise to any such material adverse findings then the Board of Braveheart reserve the right not to proceed with an offer. These preconditions are capable of being waived at the discretion of the Board of Braveheart. Even if the preconditions are satisfied or waived there can be no certainty that an offer will be made. An offer, if made, will require the publication of a prospectus or prospectus equivalent document for Braveheart, as enlarged by the acquisition of ANGLE. For further information please contact: Braveheart Investment Group plc Garry Watson, Chairman Tel: 01738 587555 Noble & Company Limited David Ovens, Director Tel: 0131 225 9677 Seymour Pierce Limited (nomad/broker to Braveheart) Jeremy Garrett-Cox, Director Tel: 020 7107 8000 Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1 per cent. or more of any class of 'relevant securities' of ANGLE plc, all 'dealings' in any 'relevant securities' of that company (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 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. 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 ANGLE plc, 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 Code, all 'dealings' in 'relevant securities' of ANGLE plc by ANGLE plc or by any of its '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 Takeover 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 Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. Rule 2.10 Requirement In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Braveheart Investment Group plc confirms that it currently has in issue 13,403,895 ordinary shares of 2 pence each. The International Securities Identification Number for the ordinary shares is BRH.L. This information is provided by RNS The company news service from the London Stock Exchange
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