Statement re. Press Comment

Michelmersh Brick Holdings PLC 16 May 2007 For immediate release: 16 May 2007 Michelmersh Brick Holdings plc ('Michelmersh') Statement regarding Baggeridge Brick PLC The Board of Michelmersh has noted the press comments following the statement released earlier today of a possible offer by Michelmersh for Baggeridge Brick PLC ('Baggeridge'). The Board also notes certain comments attributable to Mr Eric Gadsden, Chairman of Michelmersh. The Board wishes to clarify as follows: As stated previously Michelmersh confirms that it is considering its position, including the possibility of making an offer for Baggeridge. Any such offer would comprise of a full cash offer with a partial share alternative. However, Michelmersh confirms that it is continuing to seek support to finance such a cash offer, which would be at a price of not less than 225 pence per Baggeridge share. These discussions remain at a preliminary stage and are subject to, amongst other things, agreement of the terms on which such finance would be provided. This announcement is not an announcement of a firm intention to make an offer and accordingly no certainty can be assumed that an offer will be forthcoming. However if an offer is made it will be on terms no less favourable than as set out in this announcement. Certain statements have also been attributed to Mr Gadsden concerning Wienerberger AG's possible interest in acquiring the brick making assets of Hanson plc. The Company wishes to make clear that Mr Gadsden retracts any such statement since it cannot be properly verified. Michelmersh will make a further announcement in due course. Enquiries: Charles Stanley Securities 020 7149 6000 Russell Cook Anthony Noakes Tavistock Communications 020 7920 3150 Jeremy Carey Richard Sunderland This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings