Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
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  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Euromoney Ins.InvPLC (ERM)

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Friday 06 October, 2006

Euromoney Ins.InvPLC

Offer declared unconditional

Euromoney Institutional InvestorPLC
06 October 2006


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA,
                               CANADA, JAPAN OR THE UNITED STATES

6 October 2006

For immediate release

                          Recommended cash offer
            by Euromoney Institutional Investor PLC ('Euromoney')
                  on behalf of its wholly owned subsidiary,
 Euromoney Institutional Investor (Ventures) Limited ('Euromoney Ventures'),
         for Metal Bulletin Public Limited Company ('Metal Bulletin')
              OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS



1.  Offer declared unconditional in all respects

On 4 August 2006, Euromoney announced the terms of a recommended cash offer for
Euromoney Ventures to acquire the entire issued and to be issued ordinary share
capital of Metal Bulletin ('the Offer'). The Offer Document setting out the full
terms of the Offer was posted to Metal Bulletin Shareholders on 31 August 2006.
Terms defined in the Offer Document have the same meaning in this announcement.
Euromoney is pleased to announce that all of the conditions of the Offer have
now been satisfied and the Offer is now declared unconditional in all respects.

Commenting on the announcement, Padraic Fallon, Chairman of Euromoney said:

'We are delighted to announce that Euromoney's offer is now unconditional. Metal
Bulletin and Euromoney have complementary products and similar dynamic cultures.
We have the opportunity to create one of the world's leading business media
groups focusing on the metals and financial markets. We are also pleased to note
that the Partial Share Alternative was significantly oversubscribed which is
evidence of strong shareholder support for the acquisition. We look forward to
working with Metal Bulletin's people to deliver the cross-selling and other
opportunities offered by bringing both businesses together.'

2. Level of acceptances and ownership

Euromoney announces that as at 1.00 p.m. on 5 October 2006, being the second
closing date of the Offer, Euromoney Ventures had received valid acceptances of
the Offer in respect of a total of 47,614,409 Metal Bulletin Shares,
representing approximately 86.07 per cent. of the existing issued ordinary share
capital of Metal Bulletin.

As disclosed in the Offer Document and the announcements on 4 and 7 August 2006
and 21 September 2006, Euromoney is also the beneficial owner of 4,931,595 Metal
Bulletin Shares, representing approximately 8.91 per cent. of the existing
issued ordinary share capital of Metal Bulletin.

Accordingly, Euromoney is the beneficial owner of, and Euromoney Ventures has
received valid acceptances in respect of, 52,546,004 Metal Bulletin Shares,
together representing approximately 94.98 per cent. of the existing issued
ordinary share capital of Metal Bulletin.

As at 1.00 p.m. (London time) on 5 October 2006, of the above acceptances, valid
elections for the Loan Note Alternative had been received in respect of
1,926,212 Metal Bulletin Shares, representing approximately 3.48 per cent. of
the entire issued share capital of Metal Bulletin and valid elections for the
Partial Share Alternative had been received in respect of 23,978,386 Metal
Bulletin Shares, representing approximately 43.34 per cent. of the entire issued
share capital of Metal Bulletin.

As set out in the Offer Document, the Partial Share Alternative is offered to
Metal Bulletin shareholders subject to the number of New Euromoney Shares being
issued not exceeding 14 million shares.  Due to the level of elections for the
Partial Share Alternative, each Metal Bulletin shareholder who elected for the
Partial Share Alternative will have their election scaled back by 46.47 per
cent. with any Metal Bulletin Shares subject to such scale-back being
reallocated according to each shareholder's elections or deemed elections.

Save as disclosed in either this announcement or in the Offer Document, neither 
Euromoney nor any person acting in concert with Euromoney, is interested in or 
has any rights to subscribe for, any Metal Bulletin Shares nor does any such 
person have any short position or any arrangement in relation to Metal Bulletin 
Shares.  For these purposes, 'arrangement' includes any agreement to sell or any 
delivery obligation or right to require another person to purchase or take 
delivery of Metal Bulletin Shares and any borrowing or lending of Metal Bulletin 
Shares that have not been on-lent or sold.

As set out in the Offer Document, Euromoney received irrevocable undertakings 
and non-binding letters of intent to accept or procure acceptance of the Offer 
in respect of a total of 17,151,099 Metal Bulletin Shares, representing 
approximately 31.00 per cent. of the existing issued ordinary share capital of 
Metal Bulletin. Acceptances have been received in respect of 14,337,249 Metal 
Bulletin Shares, representing approximately 25.92 per cent. of the issued 
ordinary share capital of Metal Bulletin, that were subject to these irrevocable 
undertakings and non-binding letters of intent. The remaining shares relate to a 
letter of intent given by AEGON Asset Management who, as disclosed on 21 
September 2006, had sold all their Metal Bulletin shares.

3. Consideration

The consideration will be despatched (in a manner set out in the Offer Document)
on or before 19 October 2006 to Metal Bulletin Shareholders who have validly
accepted the Offer as at 1.00pm on 5 October 2006. Thereafter, consideration
will be despatched to Metal Bulletin Shareholders who validly accept the Offer
within 14 days of receipt of an acceptance valid in all respects.

Application has been made for the New Euromoney Shares to be admitted to the
Official List and these shares are expected to be admitted to trading at 8.00am
6 October 2006.

4. Delisting and Compulsory Acquisition

Applications will be made to the Financial Services Authority for the
cancellation of the listing of Metal Bulletin Shares on the Official List and to
the London Stock Exchange for the cancellation of the admission to trading of
Metal Bulletin Shares on its market for listed securities, with each expected to
take effect from 3 November 2006, being 20 Business Days following the date of
this announcement.

In addition, Euromoney Ventures intends to exercise its rights pursuant to
Schedule 2 of The Takeovers Directive (Interim Implementation) Regulations 2006
to acquire compulsorily any outstanding Metal Bulletin Shares to which the Offer
relates on the same terms as the Offer.

Terms used in this announcement shall have the meaning given to them in the
Offer Document.

5. Offer to remain open

The Offer will remain open for acceptances until further notice but in any event 
until at least 19 October 2006. Forms of Acceptance not yet returned should be 
completed and returned in accordance with the instructions set out in the Offer 
Document and in the Form of Acceptance so as to be received as soon as possible.

The Loan Note Alternative and the Partial Share Alternative will also remain 
open although the Partial Share Alternative scaleback ratio referred to above, 
to be applied to any future elections may itself need to be adjusted so as to 
ensure that the New Euromoney Shares being issued do not result in the maximum 
number of shares to be issued under the Partial Share Alternative exceeding 14 
million shares.

6. Procedure to accept the Offer

To accept the Offer in respect of Metal Bulletin Shares held in certificated 
form, the Form of Acceptance should be completed, signed and returned in 
accordance with the instructions set out in the Offer Document and on the Form 
of Acceptance as soon as possible to Capita Registrars, Corporate Actions, The 
Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. Additional Forms of 
Acceptance are available from Capita Registrars on 0870 162 3121 or, if calling 
from outside the United Kingdom, on +44 20 8639 2157.

To accept the Offer in respect of Metal Bulletin Shares held in uncertificated 
form (that is, in CREST), Metal Bulletin Shareholders should follow the 
procedure set out in paragraph 15(b) of the letter from Euromoney contained in 
Part II of the Offer Document as soon as possible.

Enquiries:

Euromoney

Padraic Fallon (Chairman)
Richard Ensor (Managing Director)
Colin Jones (Finance Director)
Christopher Fordham (Executive Director)

Tel:       +1 212 224 3414
           +44 (0)20 7779 8888

Dresdner Kleinwort (financial adviser and broker to Euromoney)

Chris Treneman
Claude Herskovits
Joe Thompson

Tel:       +44 (0)20 7623 8000

Tulchan Communications (PR adviser to Euromoney)

Andrew Honnor
Peter Hewer

Tel:       +44 (0)20 7353 4200

Dresdner Kleinwort Limited, which is regulated and authorised in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Euromoney 
in connection with the Offer and no-one else and will not be responsible to 
anyone other than Euromoney for providing the protections afforded to clients of 
Dresdner Kleinwort Limited or for providing advice in relation to the Offer.

This announcement does not constitute an offer to sell or an invitation to 
purchase any securities, nor shall there be any sale, issue or transfer of the 
securities referred to in this announcement in any jurisdiction in contravention 
of applicable law.  Any acceptance or other response to the Offer Document 
should be made only on the basis of the information
contained in the Offer Document.








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