Prism Rail PLC
4 September 2000
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN
4 September 2000
NATIONAL EXPRESS GROUP PLC ('NATIONAL EXPRESS')
RECOMMENDED OFFER FOR PRISM RAIL PLC
On 26 July 2000, the Merger Notice under Section 75A of the Fair Trading Act
1973 (the 'Act') was submitted to the Director General of Fair Trading
('Director General'). National Express has withdrawn the formal Merger Notice
in order to give the Director General more time to consider further
information. National Express has received the consent of the Panel and the
agreement of the board of Prism Rail to extend the last date by which the
Offer could be declared wholly unconditional to 20 September 2000.
Terms defined in the Offer Document have the same meaning in this press
release unless the context requires otherwise.
Telephone: 020 7529 2000
Telephone: 020 7628 1000
Telephone: 020 7831 3113
Merrill Lynch, which is regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting exclusively for National Express and no
one else in connection with the Offer and will not be responsible to anyone
other than National Express for providing the protections afforded to
customers of Merrill Lynch or for giving advice in relation to the Offer.
The Offer will not be made, directly or indirectly, in or into, by use of the
mails or any means of instrumentality (including, without limitation,
facsimile transmissions, telex or telephone) of interstate or foreign
commerce of, or any facilities of a securities exchange of, the United States
nor is it being made 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 or within the United States, Canada, Australia or Japan.
Accordingly, copies of the press announcement are not being, and must not be,
mailed or otherwise distributed or sent in or into or from the United States,
Canada, Australia or Japan and persons receiving the press announcement
(including custodians, nominees and trustees) must not distribute or send it
in, into or from the United States, Canada, Australia or Japan.