Raft has been in an offer period under the rules of The City Code on Takeovers
and Mergers since it announced on 28 September 2005 that it had embarked on an
active process of identifying potential acquisition or merger opportunities, and
seeking additional business partners, recognizing that some of those may regard
Raft as a merger or acquisition opportunity for themselves.
The Board of Raft notes the recent rise in the Company's share price and
announces that following a number of confidential approaches and discussions
with interested or potentially interested parties, the Board is at an advanced
stage in talks intended to lead to the making of an all share offer for the
issued share capital of the Company with an attributed value at or about the
current market price.
The above statement is made without the agreement or approval of the potential
offeror, and there can be no certainty that any offer will be made, nor any
certainty as to the terms of any offer, if made.
A further announcement will be made in due course.
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