FKI Fki

    RNS Number : 1219D
  Melrose PLC
  10 September 2008
   

    Melrose plc
    10 September 2008


    Offer by FKI plc to purchase its EUR 600,000,000 6.625 per cent Guaranteed Bonds due 2010 (the "Tender Offer")


    In relation to questions raised about the Tender Offer which was announced on 29 August 2008, FKI plc wishes to clarify a technical
point regarding its guarantee of the banking facilities entered into by its parent Melrose PLC.

    On 22 April 2008 Melrose PLC entered into a �750,000,000 multicurrency term and revolving facilities agreement (the "Facility")
documented on the basis of standard Loan Market Association documentation. The obligations of Melrose PLC and the other borrowers are
irrevocably guaranteed on a joint and several basis by, inter alios, FKI plc, FKI Engineering Limited (formerly FKI Engineering PLC) and FKI
Industries Inc., Accordingly, each of FKI plc, FKI Engineering Limited (formerly FKI Engineering PLC) and FKI Industries Inc., will remain a
guarantor under the terms of the Facility in the event that the FKI plc EUR 600,000,000 6.625 per cent Guaranteed Bonds due 2010 are
repurchased or redeemed pursuant to the tender offer and consent solicitation announced by FKI plc on 29 August 2008.



    M:Communications
    James Hill                                   +44 (0) 20 7153 1559


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