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Ultraframe PLC (UTF)

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Tuesday 27 June, 2006

Ultraframe PLC

Response to statement

Ultraframe PLC
27 June 2006

27 June 2006

            Ultraframe Plc ('Ultraframe' or the 'Group') response to
                statement regarding withdrawal of possible offer

The Board of Ultraframe Plc notes the statement made earlier today by Resilience
Capital Partners LLC ('Resilience') and Berggruen Holdings, Inc ('Berggruen')
that they do not intend to make an offer for the issued and to be issued share
capital of Ultraframe, in light of various conversations with the Board and its
advisers since its statement of interest on 12 June.

Board reiterates recommendation for Latium's Offer

The boards of Latium Holdings Limited ('Latium') and Ultraframe Plc
('Ultraframe' or the 'Group') announced on 2 June 2006 that they had reached
agreement on the terms of a recommended cash offer to be made by Latium for the
entire issued and to be issued share capital of Ultraframe (the 'Offer'). The
Offer and the Board's recommendation of the Offer resulted from a wide-ranging
and thorough strategic review. The Board continues to recommend Latium's Offer,
which it believes is in the best interests of shareholders.

Rod Sellers, Chairman of Ultraframe, said:

'The Board notes the withdrawal announcement made earlier today and continues to
believe that the Offer from Latium remains in the best interests of our
shareholders and our employees. The Directors unanimously recommend that
shareholders accept it ahead of the closing date this Friday.'

Brunswick Group LLP                                   020 7404 5959
Gill Ackers/Sarah Lindgreen

                      This information is provided by RNS
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