Offer Talks Terminated

    RNS Number : 5642Z
  Romac Investments Limited
  22 July 2008
   

    22 July 2008
    Romac Investments Limited ("Romac" or the "Company")
    Termination of discussions with Supporta plc
    On 13 June 2008 Romac announced that it had sent a letter to the Board of Supporta on 23 April 2008 outlining the terms and conditions
of an indicative offer for the entire issued and to be issued share capital of Supporta (the 'Proposal'). The Proposal was rejected by the
Board of Supporta on 5 June 2008. Since that date Romac has been considering its options, one of which included making a revised proposal to
the Board of Supporta. However, having assessed all of the available options, Romac has concluded that it is not at this time in the
interests of its stakeholders to continue discussions with Supporta in relation to a revised proposal, and so does not currently intend to
make an offer for the entire issued and to be issued share capital of Supporta (subject to the below).
    Important Notice
    For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers, Romac, or any person who has acted in concert with it or any
person who is subsequently acting in concert with either of them, reserves the right to make or participate in an offer or possible offer
for Supporta shares within six months of today's date (i) with the agreement or recommendation of the board of Directors of Supporta; or
(ii) if there is an announcement of an offer or a possible offer by a third party for Supporta; or (iii) if Supporta completes the disposal
of a significant proportion of either of its two operating divisions; or (iv) upon the announcement by or on behalf of Supporta of a
'whitewash' proposal (as defined in the Code) or of a reverse takeover (as defined in the Code).

 Enquiries:
 Deloitte Corporate Finance, financial adviser to Romac  020 7936 3000
 Jonathan Hinton
 James Lewis
 Commercial Management Limited, UK agent to Romac        01444 472 530
 Nigel Welby


This information is provided by RNS
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