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Offerco Bid Tops 60% In Acceptances

Offerco Bid Tops 60% In Acceptances

Recommended Cash Offer by Offerco Limited
for OPD Group plc

Summary
The Board of Offerco announces the level of acceptances for its Offer for OPD as at 1.00pm on 10 July 2009 and the final extension of the Offer until 1.00pm on Friday 24 July 2009 at which time the Offer will be closed.
Shareholders must accept the Offer by 1.00pm on Friday 24 July 2009 if they wish to receive 57 pence per OPD Share in cash from Offerco in accordance with the terms of the Offer.

Acceptance level
On 26 June 2009, Offerco declared its offer for the entire issued and to be issued ordinary share capital of OPD unconditional as to acceptances and wholly unconditional and extended the Offer until 10 July 2009.
As at 1.00 pm on 10 July 2009 valid acceptances had been received in respect of a total of 8,063,532 OPD Shares representing approximately 30.35 per cent of OPD's existing issued share capital.

Offerco owns 8,526,087 OPD Shares and accordingly as at 1.00 pm on 10 July 2009 Offerco either owned or had received valid acceptances in respect of a total of 16,589,619 OPD Shares, representing approximately 62.46 per cent of OPD's existing issued share capital.

Offer to be closed on 24 July 2009
The Offer is being extended until 1.00 pm on Friday 24 July 2009 at which point it will be closed.
Shareholders must accept the Offer by 1.00pm on Friday 24 July 2009 if they wish to receive the consideration of 57 pence per OPD Share in cash from Offerco in accordance with the terms of the Offer.

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