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Minerva PLC (MNR)

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Thursday 08 May, 2008

Minerva PLC

Response to Announcement

Minerva PLC
08 May 2008



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION


FOR IMMEDIATE RELEASE


8 May 2008


Response To Announcement from Limitless LLC ("Limitless")

The Board of Minerva notes the announcement made today by Limitless.  The Board
of Minerva confirms that it has received no proposal from Limitless and
therefore has nothing to respond to.


A further announcement will be made in due course, if appropriate.


Enquiries


Minerva plc

Oliver Whitehead            0207 535 1000



Rothschild

Alex Midgen                 0207 280 5000


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Minerva
confirms that it has 161,174,373 ordinary shares of 25p each in issue.


The ISIN reference for these securities is GB0005953681


Dealing Disclosure Requirements:


Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Minerva, all "dealings" in any "relevant
securities" of that company (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared, unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the "offer period"
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an "interest" in "relevant
securities" of Minerva, they will be deemed to be a single person for the
purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Minerva by Limitless or Minerva, or by any of their respective 
"associates", must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at http://
www.thetakeoverpanel.org.uk/new/.


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


                      This information is provided by RNS
            The company news service from the London Stock Exchange