Offer Update

RNS Number:1359P
Angus Newco Limited
29 February 2008


 Not for release, publication or distribution in or into any jurisdiction where
to do so would constitute a violation of the relevant laws of such jurisdiction
                            

                              Recommended Cash Offer
                                       by
                              Angus Newco Limited
                                      for
                                  Inspicio plc


SQUEEZE-OUT OF OUTSTANDING OFFEREE SHARES

On 4 February 2008 Angus Newco announced that the recommended cash Offer to
acquire Inspicio had been declared unconditional in all respects.

As at 1.00 p.m. on 1 February 2008 Angus Newco had received valid acceptances in
respect of over 90 per cent. in value and over 90 per cent. in voting rights of
Inspicio.

Consequently, Angus Newco is today implementing the procedure under Chapter 3 of
Part 28 of the Companies Act 2006 to squeeze out all of the outstanding Inspicio
Shares which it does not already hold or has not already acquired, contracted to
acquire or in respect of which it has not already received valid acceptances.
The Offer, as set out in the Offer Document, will remain open for acceptance
until further notice.

The definitions set out in the Offer Document dated 13 December 2007 have the
same meanings in this announcement.


ENQUIRIES

Rothschild              Dev Tanna               020 7280 5623


Unless otherwise determined by Angus Newco or required by the City Code and
permitted by applicable law and regulation, the Offer is not being made, and
will not be made, directly or indirectly, in or into, or by use of the mails of,
or by any means or instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or any
facilities of a national state or other securities exchange of, the United
States, Canada, Australia or any other Restricted Jurisdiction and the Offer
will not be capable of acceptance by any such use, means, instrumentality or
facility or from within the United States, Canada, Australia, or any other such
Restricted Jurisdiction. Accordingly, unless otherwise determined by Angus Newco
or required by the City Code and permitted by applicable law and regulation,
copies of this announcement, the Offer Document, the Form of Acceptance and
other related documents are not being, and must not be taken, mailed or
otherwise forwarded, distributed or sent (directly or indirectly) in or into the
United States, Canada, Australia or any other Restricted Jurisdictions.

NM Rothschild & Sons Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for 3i
Investments, the 3i Investors and Angus Newco and no one else in connection with
the Offer and will not be responsible to anyone other than 3i Investments, the
3i Investors and Angus Newco for providing the protections afforded to its
clients nor for providing advice in relation to the Offer.





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

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