Re Loan Facility

Somero Enterprises Inc. 02 April 2007 Embargoed for 7.00am, 2 April 2007 THIS ANNOUNCEMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR TO RESIDENTS, NATIONALS OR CITIZENS OF CANADA, JAPAN OR AUSTRALIA. Somero Enterprises, Inc. (R) Citizen Loan facility Somero Enterprises, Inc. (R), ('Somero' or 'the Company'), the North American manufacturer of patented laser guided equipment used for the spreading and levelling of high volumes of concrete for floors in the construction industry, entered into a US$24 million credit facility with Citizens Bank New Hampshire, a wholly owned subsidiary of The Royal Bank of Scotland Group plc on March 16, 2007. The loan is composed of the following: • $14 million Revolving Line of Credit • $10 million Term Loan The change resulted in a new current interest rate of LIBOR + 1.4% compared to the former rate of LIBOR + 3.5%. Additionally, the new facility allows the company to reduce revolving debt balances with excess cash. This credit facility completely replaces the company's former debt arrangements. Commenting, Jack Cooney, President and CEO of Somero, said: 'We are pleased to announce the improved terms of our credit facility with the Royal Bank of Scotland Group plc which is in keeping with our status as a publicly listed company, where we are keen to ensure that we have financing facilities in place under terms that are appropriate to our growth strategy.' Somero will report full-year results for the year ended 31 December 2006 on Monday, 16 April 2007. For further information contact: Financial Dynamics +44 (0)20 7831 3113 Edward Bridges / Harriet Keen / Matt Dixon This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any securities of Somero Enterprises, Inc. (the 'Company'). This announcement may not be released, published or distributed in or into the United States, Canada, Japan or Australia or to US Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the 'US Securities Act')) or to residents, nationals or citizens of Canada, Japan or Australia. The distribution of this announcement in certain other jurisdictions may also be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No securities of the Company have been registered under the US Securities Act. No securities of the Company may be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) except pursuant to an effective registration statement under the US Securities Act or pursuant to an available exemption from the registration requirements under the US Securities Act. No securities of the Company have been registered under the applicable securities laws of Australia, Canada or Japan and may not be offered or sold within Australia, Canada or Japan or to, or for the account or benefit of citizens or residents of Australia, Canada or Japan. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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