Re Suspension

CCH International plc 19 September 2007 Press Release 19 September 2007 CCH International plc ('CCH' or the 'Company') Re Suspension On 16 August 2007 trading in the Company's shares on AIM was suspended following an announcement that the Company was in discussions regarding certain of its funding lines. These discussions were necessitated as a result of one of the Company's funding banks ('the First Bank') indicating that it intended to terminate agreements with the Company and CCH Europe GmbH ('GmbH'), CCH's principal subsidiary, following a review by the First Bank which revealed that approximately US$340 million of lending advanced through GmbH had not been applied to short term receivables but to longer term commitments. The First Bank demanded immediate repayment of all funds (totalling approximately US$500 million) advanced under those agreements by the First Bank on its own behalf and on behalf of a second bank for which it was acting as agent ('the Second Bank'). In view of the threat of disruption and uncertainty caused to the Group's business by these developments, the Board decided to request suspension of trading in its shares. Confidential negotiations to conclude an agreement with the banks for repayment of the funds over a three year period are at an advanced stage. On 19 August 2007 the Company and GmbH, amongst others, concluded an agreement with the First Bank. This agreement is conditional on a number of matters including arrangements being reached with the Second Bank, which arrangements remain subject to ongoing negotiations. In connection with the above arrangements on 18 August 2007, in order to protect the Company's assets, CCH entered into an agreement to sell GmbH to Eren Nil, CCH's Chief Executive Officer and the sole director of GmbH, for US$1 with an option to re-purchase GmbH for US$1 at any time up to three years and six months from the date of the agreement. This agreement may be rescinded by CCH in the event that approval of the transaction by the shareholders of CCH is not obtained by 30 September. In the event that CCH does not sell GmbH within 28 days of the arrangements with the banks mentioned above being completed, CCH has under-taken to grant the First Bank an option to acquire GmbH for US$1. The Company is not currently in a position to issue notification of all the information required by Schedule 4 to the AIM Rules or to send a circular to shareholders convening a meeting to seek their consent to the disposal of GmbH to Eren Nil, a related party, as required by the AIM Rules. The Company is not yet in a position to ascertain the full impact of recent events on its future prospects but it is unlikely that business activity will be sustained at levels hitherto reported. A further announcement will be made as soon as possible. For further information, please contact: CCH International Plc www.cch-international.com Ian Salter, Non-Executive Chairman Tel: +44 (0) 20 8334 0871 info@cch-international.com Insinger de Beaufort http://www.insinger.com Peter Ward, Tel: +44 (0) 207 190 7000 pward@insinger.com Media Enquires: Abchurch Communications www.abchurch-group.com Charlie Jack / George Parker Tel: +44 (0) 20 7398 7700 charlie.jack@abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange
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