Pursuant to the terms of our Offer to Accepting Shareholders of Lascelles, payment of US$4.50 per Ordinary Share was made on February 12, 2008 being the Cash Portion of the overall Offer Price of US$10.65 per Ordinary Share. The Deferred Portion of the Offer Price may be paid, at the option of Angostura Limited, on any of a series of prescribed prepayment dates, at the discounted amount as outlined in the Deferred Payment Discount Table on page 3 of the Offer document.
Angostura Limited formally announces its intention to prepay the Deferred Portion of the Offer Price on July 28, 2008. In accordance with the Deferred Payment Discount Schedule (column 3), the Deferred Portion will be US$4.75 per Ordinary Share, which when paid will complete payment of the total Offer Price to Accepting Shareholders in respect of their Ordinary Shares by Angostura Limited. All accepting shareholders of 6% Preference shares will also be paid the Deferred Portion of (US$0.10 per 6% Preference Share) of the Offer Price at this time. Cheques will be issued to Accepting Shareholders no later than July 28, 2008 through Citibank in accordance with the Terms of the Offer.
