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Reminder for sell out to those who have not accepted the PO by CB Holdings to Caramondani

After the acquisition of 93% of the issued share capital of Caramondani Bros Public Company Limited by C.B Holdings Limited via a Public Offer for the acquisition of up to 100% of the issued share capital of Caramondani Bros Public Company Limited, the Offeror would like to remind the shareholders of Caramondani Bros who have not accepted the PO that they may exercise a sell out during the period of three months from the expiry of the period of acceptance on April 18, 2008.

Pursuant to article 37(1) of the Public Offering and Acquisition Law 2007, the holder of the remaining titles of Caramondani is entitled to demand by the Offeror to acquire its own titles at a fair price, that is, €0.90 per share. As a result, the last day for the sell out is July 18, 2008.

Pursuant to the issue terms of the Public Offer as included in the Public Offer Document, the Offeror declared that if it acquires more than 90% of the share capital of Caramondani, it intends to take all necessary measures to withdraw the Company’s shares from the CSE. C.B Holdings declared that it will not exercise a squeeze out pursuant to article 36 (1) of the Public Offering Law 2007.

After the period of three months, on July 18, 2008, Caramondani Bros will request the Company’s delisting from the CSE and Caramondani Bros will continue to be a public company, not listed in any stock market.
Monday, 9 June, 2008 - 09:55