Regulatory Announcement

REG-Marwyn Materials Ltd Statement Re: Press Comment
Released: 20/11/2008

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20081120:RnsT6088I
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RNS Number : 6088I  
  
Marwyn Materials Limited  
  
20 November 2008  
  
Marwyn Materials Limited ("Marwyn Materials")  
  
STATEMENT REGARDING   
  
Ennstone PLC ("Ennstone")  
  
Further to recent speculation, Marwyn Materials confirms that it has made an 
approach to the board of Ennstone in order to explore a possible transaction 
which may or may not be an offer.   
  
Shareholders should be aware that there is no certainty that any transaction 
will occur and a further announcement will be made as and when appropriate.  
  
For the purposes of Rule 2.10 of the City Code on Takeovers and Mergers, Marwyn 
Materials confirms that it has 136,000,000 ordinary shares of no par value in 
issue at the close of business on 19 November 2008. The ISIN reference for these 
securities is JE00B2419D89.  
  
Enquiries:  
  
For further information, please contact:  
  
 
  Marwyn Materials Limited                                            
  Peter Tom                                            020 7389 6800  
  Simon Vivian                                         020 7389 6800  
                                                                      
  Collins Stewart Europe Limited (Nominated Adviser)                  
  Stewart Wallace, Lorraine Delannoy                   020 7523 8350  
  
  
Dealing Disclosure Requirements  
  
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any 
person is, or becomes, "interested" (directly or indirectly) in 1% or more of 
any class of "relevant securities" of Marwyn Materials or of Ennstone all 
dealings in any relevant securities of that company (including by means of an 
option in respect of, or a derivative referenced to, any such "relevant 
securities") must be publicly disclosed by no later than 3:30 pm (London time) 
on the London business day following the date of the relevant transaction. This 
requirement will continue until the date on which the offer becomes, or is 
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or 
on which the "offer period" otherwise ends. If two or more persons act together 
pursuant to an agreement or understanding, whether formal or informal, to 
acquire an "interest" in "relevant securities" of Marwyn Materials or of 
Ennstone, they will be deemed to be a single person for the purpose of Rule 
8.3.  
  
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant 
securities" of Marwyn Materials or of Ennstone by Marwyn Materials or Ennstone, 
or by any of their respective "associates", must be disclosed by no later than 
12:00 noon (London time) on the London business day following the date of the 
relevant transaction.  
  
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk.  
  
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities.  
  
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a "dealing" under Rule 8, you should consult the Panel.  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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