Offer Update - Correction

    RNS Number : 2470X
  Alterian PLC
  20 June 2008
   

    The following announcement is an advertisement and not a prospectus and investors should not subscribe for any Alterian plc shares
except on the basis of information in the Prospectus and Circular published by Alterian.

    Not for release, publication or distribution, in whole or in part, in or into the United States, Australia, Canada, Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction 

    For immediate release 

    20 June 2008 


    RECOMMENDED OFFER FOR MEDIASURFACE PLC BY ALTERIAN PLC

    OFFER UPDATE - CORRECTION


    Alterian plc announces the following letter is being sent to Mediasurface Shareholders on 21 June 2008 regarding the recommended Offer
by Alterian plc for Mediasurface Plc:

    "To all Mediasurface Shareholders and, for information only, Mediasurface Optionholders

    Recommended offer by Alterian for Mediasurface

    Dear Mediasurface Shareholder,
    On 9 June 2008, Alterian plc ("Alterian") made a recommended cash and share offer (the "Offer") for the entire issued and to be issued
ordinary share capital of Mediasurface plc ("Mediasurface").
    Pursuant to the terms of the Offer, Mediasurface Shareholders who validly accept the Offer may, subject to availability, elect to vary
the proportions in which they receive Consideration Shares and the cash consideration for their Mediasurface Shares. The maximum number of
Consideration Shares and the maximum amount of cash consideration available under the Offer will depend on the extent to which other
Mediasurface Shareholders make off-setting elections.
    It has come to the attention of Alterian, that, due to an inadvertent clerical error, the basis on which Mediasurface Shareholders may
make elections under the Mix and Match Facility (as set out in paragraph 4 of Part B of Appendix 1 to the Offer Document) is incorrect in so
far as the value placed on each Consideration Share was stated as being 240 pence.  The correct figure should be 160 pence, representing the
Closing Price of an Alterian Share on 15 May 2008, being the latest business day prior to the Announcement.
    Accordingly, all references to "240 pence" in Part B of Appendix 1 to the Offer Document should be read as "160 pence".
    As such, subject to off-setting elections, Mediasurface Shareholders who validly accept the Offer may elect:
    *     to increase the amount of cash they receive in respect of their holdings of Mediasurface Shares on the basis of 160 pence for each
Consideration Share to which they would otherwise have been entitled under the Offer; or
    *     to increase the number of Consideration Shares they receive in respect of their holdings of Mediasurface Shares on the basis of
one Consideration Share for each 160 pence of cash to which they would otherwise have been entitled under the Offer.
    MEDIASURFACE SHAREHOLDERS WHO HAVE ALREADY ACCEPTED THE OFFER AND MADE AN ELECTION UNDER THE MIX AND MATCH FACILITY AND WISH TO CHANGE
OR WITHDRAW SUCH ELECTION SHOULD (IN THE CASE OF MEDIASURFACE SHARES HELD IN CERTIFICATED FORM ONLY) COMPLETE THE ACCOMPANYING FORM OF
ACCEPTANCE IN ACCORDANCE WITH ITS TERMS OR (IN THE CASE OF MEDIASURFACE SHARES HELD IN UNCERTIFICATED FORM ONLY) CONTACT (OR PROCURE THAT
THEIR CREST SPONSOR CONTACTS) COMPUTERSHARE INVESTOR SERVICES PLC. 
    If you have any questions about the Offer, or are in any doubt as to how to complete the accompanying Form of Acceptance or make an
Electronic Acceptance please contact (or, in the case of an Electronic Acceptance, procure that their CREST sponsor contacts) Computershare
Investor Services PLC on telephone number 0860 707 1147 (or [phone] from outside the UK) on Monday to Friday (other than UK public
holidays).  Valid acceptances (and elections made under the Mix and Match Facility) shall otherwise be treated by Alterian as remaining
valid.
    At the request of the Panel, the first closing date of the Offer has been extended to 5 July 2008. The timetable of the Offer otherwise
remains unchanged.
    Mediasurface Shareholders who wish to accept the Offer and who have not already done so should:
    in respect of Mediasurface Shares held in certificated form, complete, sign and return the accompanying new Form of Acceptance in
accordance with the instructions set out in the Offer Document and in the Form of Acceptance and return it together with the share
certificate(s) and/or other documents of title as soon as possible and, in any event, so as to be received by post by Computershare Investor
Services PLC, Corporate Actions Projects, Bristol BS99 6AH or by hand (during normal business hours only) to Computershare Investor Services
PLC, The Pavilions, Bridgwater Road, Bristol BS13 8AE, by no later than 3.00 p.m. on 5 July 2008.
    in respect of Mediasurface Shares held in uncertificated form, accept electronically through CREST in accordance with the instructions
set out in the Offer Document, so that the TTE Instruction settles as soon as possible and in any event by no later than 3.00 p.m. on 5 July
2008.
    If a holder of Mediasurface Shares is in any doubt about the Offer and/or any action he should take, he is recommended to seek his own
personal financial advice immediately from an independent financial adviser duly authorised under the Financial Services and Markets Act
2000 who specialises in advising upon investment in shares and other securities if he is in the United Kingdom or, if not in the United
Kingdom, from another appropriately authorised financial adviser in his own jurisdiction.
    Unless the context requires otherwise, words and expressions where defined in the offer document dated 9 June 2008 (the "Offer
Document") shall have the same meanings in this letter.  This letter should be read in conjunction with the Offer Document. The Offer
Document and the terms and conditions to the Offer shall remain unchanged, save to the extent amended pursuant to this letter."
    ENQUIRIES
    Alterian
    David Eldridge            Tel: + 44 (0) 117 970 3200
    David Cutler            
    Investec Bank (UK) Limited
    Andrew Pinder            Tel: + 44 (0) 20 7597 5970
    Patrick Robb
    Daniel Adams




    The Alterian Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief
of the Alterian Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this
announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
    This announcement, which is the sole responsibility of Alterian, has been approved by Investec Bank (UK) Limited solely for the purposes
of section 21 of the Financial Services and Markets Act 2000.
    Investec Bank (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting for
Alterian and no one else in connection with the Offer and the Issue and will not be responsible to anyone other than Alterian for providing
the protections afforded to clients of Investec Bank (UK) Limited or for providing advice in connection with the Offer or the Issue.
    This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for any securities, nor shall there be
any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.
The Offer is being made solely by means of the Offer Document, a notice published in the London Gazette and the Form of Acceptance (in
respect of certificated Mediasurface Shares), which contain the full terms and conditions of the Offer, including details of how the Offer
may be accepted. 
    Unless otherwise determined by Alterian and permitted by applicable law and regulation, the Offer is not being made, directly or
indirectly, in or into, or by the use of the mails or by any means or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or any facility of a national securities exchange, of a Restricted Jurisdiction
(including the United States, Canada, Australia or Japan) and the Offer will not be capable of acceptance by any such use, means,
instrumentality or facility or from within a Restricted Jurisdiction. Accordingly, copies of this announcement are not being, and must not
be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from a Restricted Jurisdiction and persons
receiving this announcement (including, without limitation, custodians, nominees and trustees) must not mail or otherwise forward,
distribute or send it in or into or from a Restricted Jurisdiction. Doing so may render invalid any purported acceptance of the Offer. The availability of the Offer to persons who are not resident in the United Kingdom may be
affected by the laws of the relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves about and
observe any applicable requirements.
    The New Alterian Shares to be issued in connection with the Offer and the Issue have not been, nor will they be, registered under the US
Securities Act or under the securities laws of any state of the United States; the relevant clearances have not been, nor will they be,
obtained from the securities commission of any province or territory of Canada; no prospectus has been lodged with, or registered by, the
Australian Securities and Investments Commission or the Japanese Ministry of Finance; and the New Alterian Shares have not been, nor will
they be, registered under or offered in compliance with applicable securities laws of any state, province, territory or jurisdiction of
Canada, Australia or Japan. Accordingly, the New Alterian Shares are not being and may not be (unless an exemption under relevant securities
laws is applicable) offered, sold, resold or delivered, directly or indirectly, in or into the United States, Canada, Australia or Japan or
any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction or to, or for the account or benefit of, any
United States, Canadian, Australian or Japanese person.

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