Update on Innicor Acquisition

Sondex PLC 08 November 2006 Sondex plc ("Sondex" or the "Company") Update on the proposed acquisition of Innicor Subsurface Technologies Inc. ("Innicor") and the Firm Placing and Placing & Open Offer Sondex announces today that having regard to the third quarter financial results of Innicor released on 7 November 2006 and certain other factors, the board of directors of Sondex no longer believes that the acquisition of Innicor is in the best interests of Sondex and its shareholders as a whole at the current offer price of C$3.75 per Innicor share. The acquisition of Innicor is subject to a number of conditions, one of which is the approval of the acquisition by the shareholders of Sondex at an extraordinary general meeting of Sondex convened for 4.00pm on 16 November 2006. The Firm Placing and Placing & Open Offer are conditional, inter alia, on the acquisition of Innicor becoming unconditional and the approval of shareholders at the extraordinary general meeting on 16 November 2006. The board of directors of Sondex has determined to amend its recommendation and now strongly advises that shareholders vote against all the resolutions to be proposed at the extraordinary general meeting on 16 November 2006. Sondex will be writing to its shareholders to update them in the very near future and advises shareholders to take no action until they receive the circular from the board of directors of Sondex. Ends 8 November 2006 For further information, please contact: Sondex Tel: 01252 862 200 Martin Perry (Chief Executive) Chris Wilks (Finance Director) Investec Tel: 020 7597 5970 James Grace / Patrick Robb College Hill Tel: 020 7457 2020 Nick Elwes / Paddy Blewer www.sondex.com This information is provided by RNS The company news service from the London Stock Exchange
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