ETL Eutelsat Communications S.a.

RNS Number:5786X
Groupe Eurotunnel SA
31 May 2007



31 May 2007



Immediate release







                         Announcement by the AMF of the

  final results of the initial acceptance period of the Exchange Tender Offer



         Reopening of the Exchange Tender Offer by Groupe Eurotunnel SA

for the Units of Eurotunnel SA / Eurotunnel PLC from 1 June 2007 to 14 June 2007





The publication by the Autorite des marches financiers of the final results of
the initial acceptance period of the Exchange Tender Offer indicates that
2,222,667,231 Units out of a total of 2,546,164,213 Units in circulation,
representing 87.29% of the share capital in circulation have been tendered to
the offer.



According to figures published today by Euronext, the units tendered during this
first phase are divided as follows:

-       In France: 1,996,565,238 Units, representing 78.41% of the capital

-       In the UK: 201,451,143 Units, representing 7.91% of the capital

-       In Belgium: 24,650,850 Units, representing 0.97% of the capital



Shareholders in Eurotunnel PLC and Eurotunnel SA who have not yet tendered their
shares to the offer have the opportunity to do so in the second acceptance
period which is automatically opened from 01 June to 14 June 2007.



The conditions of the offer remain identical to the original offer: each
Eurotunnel PLC/Eurotunnel SA Unit tendered will give the right to:

- one GET SA ordinary share; and

- one warrant to subscribe for GET SA ordinary shares.

It will, however, no longer be possible to subscribe for Notes Redeemable in
Shares (NRS) which were only available for subscription by shareholders having
tendered their Units to the Offer during the initial acceptance period.





Unit holders who have not yet tendered their Units to the offer are reminded
that, given the scale of the success of the offer they will, at the completion
of the offer be only a small minority in ESA and EPLC.

Furthermore, as outlined in the Prospectus validated by the AMF, operations to
recapitalize these companies will be launched very shortly at the completion of
which the percentage of capital in Eurotunnel SA and Eurotunnel PLC held by the
Unit holders who have not tendered their Units to the offer will be below 5%.



It is therefore likely that following the implementation of the Reorganisation,
the market for the Units will no longer meet the liquidity requirements for the
listing of the Units on Eurolist by EuronextTM or the Official List of the
United Kingdom Listing Authority or their admission to trading on the London
Stock Exchange.  The listing of the Units may therefore, in accordance with
applicable regulations in the relevant country and with the approval of the
relevant regulatory authorities, be cancelled, in particular as part of the
Recapitalisation Transactions of ESA and EPLC.  In the near future GET SA also
intends to consider any other transaction to simplify the Eurotunnel group
structure, and particularly asset contributions or statutory mergers which could
result in the winding up of ESA and EPLC.  GET SA can in no way guarantee that
the Units will continue to be listed after the Reorganisation and, if they
remain listed, for how long or on which markets.











The terms of the Offer and of the reorganisation of Eurotunnel are set out in
the Offer Document approved by the AMF on 4 April 2007 under number 2007-112 and
in the Prospectus (comprised of the Registration Document  registered on 21
March 2007 by the AMF under number i.07-021 and of the Securities Note approved
by the AMF on 4 April 2007 under number 2007-113).



These documents can be viewed on the following websites:
www.groupe-eurotunnel.com (also available from Eurotunnel's website:
www.eurotunnel.com) and www.amf-france.org.They are also available free of
charge at the registered office of the company.



The attention of the public is drawn in particular on the risks factors
described in the Prospectus.







Ndegrees GET 06/2007



For media enquiries contact on + 44 (0) 1303 284491

Email: press@eurotunnel.com



For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.

Email: michael.schuller@eurotunnel.com





                           www.groupe-eurotunnel.com










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

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