HRO H.R.Owen

TIDMHRO

RNS Number : 2118O

H.R. Owen PLC

17 September 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

17 September 2013

Circular posted to HR Owen shareholders ("Shareholders") recommending acceptance of the Increased Mandatory Cash Offer for H.R. Owen Plc ("HR Owen") by Berjaya Philippines Inc. ("BPI")

Further to the announcement on 13 September 2013 of the Board of HR Owen's recommendation that Shareholders accept BPI's Increased Mandatory Cash Offer (the "Recommendation"), HR Owen confirms that a circular has been posted to Shareholders containing this Recommendation and is available for viewing on the HR Owen website (www.hrowen.co.uk).

Information:

HR Owen (020 7245 1122)

Jon Walden, Joe Doyle

Rothschild (0207 280 5000)

Financial Adviser

Majid Ishaq, Roland Oakshett

Charles Stanley Securities (020 7149 6000)

Corporate Broker

Marc Milmo, Carl Holmes

Halkin Communications

PR Adviser

Sara Batchelor (07904 680 547)

Katie Bell (07887 822 221)

Charles Stanley Securities, which is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively for HR Owen and no one else in connection with the offer by BPI and will not be responsible to anyone other than HR Owen for providing the protections afforded to clients of Charles Stanley Securities nor for providing advice in connection with the offer by BPI or any matter referred to herein.

Rothschild, which is authorised and regulated in the UK by the Financial Conduct Authority is acting exclusively for HR Owen and no one else in connection with the offer by BPI and will not be responsible to anyone other than HR Owen for providing the protections afforded to clients of Rothschild nor for providing advice in connection with the offer by BPI or any matter referred to herein.

Disclosure requirements of the City Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the Announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company; and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th Business Day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th Business Day following the Announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the Business Day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Responsibility

The HR Owen directors accept responsibility for the information contained in this announcement, except that the only responsibility accepted by them in respect of the information contained in this announcement relating to BPI and its concert parties, which has been compiled from published sources, is to ensure that such information has been correctly and fairly reproduced and presented. To the best of the knowledge and belief of the directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they are responsible is in accordance with the facts and does not omit anything likely to affect the import of such information.

Publication on Website

A copy of this announcement will be available on the Company's web site (www.hrowen.co.uk) by no later than 12 noon (London time) on 18 September 2013.

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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