Offer Update

Sports Internet Group PLC 12 July 2000 Not for release, publication or distribution in or into the United States of America,Canada, Australia or Japan Recommended offer by Goldman Sachs International on behalf of British Sky Broadcasting Group plc for Sports Internet Group plc OFFER DECLARED WHOLLY UNCONDITIONAL The Board of British Sky Broadcasting Group plc ('BSkyB') today announces that, subject to and effective upon the New BSkyB Shares being admitted to the Official List and to trading on the London Stock Exchange, its recommended offer for Sports Internet Group plc ('SIG') has been declared wholly unconditional and will remain open for acceptances until further notice. As at 3.00 p.m. on Wednesday 12 July 2000, the second closing date of the Offer, BSkyB had received valid acceptances of the Offer in respect of a total of 30,171,050 SIG Shares, representing approximately 80.9 per cent. of the existing issued share capital of SIG. BSkyB declares that the minimum acceptance condition to the Offer has been satisfied. As described in the Offer Document, the shareholder directors of SIG have undertaken to accept the Offer in respect of their entire holdings which together amount to approximately 48.9 per cent. of the existing issued capital of SIG. As at 3 p.m. on 12 July 2000 BSkyB had received acceptances in relation to 18,210,000 SIG Shares to which these undertakings relate, representing 48.8 per cent. of the issued share capital of SIG. The Office of Fair Trading, on Tuesday 11 July 2000 indicated, in terms satisfactory to BSkyB, that it is not the intention of the Secretary of State for Trade and Industry to refer the proposed acquisition of SIG by BSkyB or any matter arising therefrom to the Competition Commission. BSkyB has, in accordance with the terms of the Offer, waived the remaining conditions of the Offer. Included in the above level of acceptances are acceptances in respect of 300 SIG Shares held by Credit Suisse (UK) Limited which is deemed to be acting in concert with BSkyB for the purposes of the City Code. Save as disclosed herein or otherwise previously disclosed in accordance with the requirements of the City Code and in the Offer Document, neither BSkyB nor any person acting, or deemed to be acting, in concert with BSkyB, held any SIG Shares (or rights over such shares) prior to the offer period or has acquired or agreed to acquire any SIG Shares (or rights over such shares) during the offer period and no acceptances of the Offer have been received from any person acting or deemed to be acting in concert with BSkyB. As stated in the Offer Document, BSkyB intends to arrange for the admission of SIG Shares to trading on AIM to be discontinued with effect from 9 August 2000 or as soon as practicable thereafter and, if it receives 90 per cent. or more of the SIG Shares to which the Offer relates, will exercise its rights pursuant to the provisions of sections 428 to 430F of the Companies Act to acquire compulsorily any remaining SIG Shares. Enquiries: Goldman Sachs International 020 7774 1000 Richard Campbell-Breeden Francis Crispino Definitions used in the Offer Document have the same meanings in this announcement, unless otherwise indicated. The Offer is not being made, directly or indirectly, in or into, or by the use of the mails or any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facilities of a national securities exchange of, the US, or in or into Canada, Australia or Japan and the Offer will not be capable of acceptance by any such use, means, instrumentality or facilities or from within the US, Canada, Australia or Japan. Doing so may render invalid any purported acceptance. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in or into or from the US, Canada, Australia or Japan and all persons receiving this announcement (including nominees, trustees or custodians) must not mail or otherwise forward, distribute or send it into the US, Canada, Australia or Japan. The New BSkyB Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended. Furthermore, the relevant clearances have not been, and will not be obtained from the securities commission of any province of Canada, nor any city or prefecture of Japan. No prospectus In relation to the New BSkyB Shares has been, or will be, lodged with or registered by the Australian Securities Commission. Accordingly, except pursuant to an exemption, if available, from any applicable registration requirements or otherwise in compliance with all applicable law, the New BSkyB Shares may not be offered, sold, resold or delivered, directly or indirectly, in or into the US, Canada, Australia or Japan. Goldman Sachs International, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting for BSkyB and no one else in connection with the Offer and will not be responsible to anyone other than BSkyB for providing the protections afforded to customers of Goldman Sachs International nor for giving advice in relation to the Offer.
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