TIDM69WK

RNS Number : 3402F

Tabreed 08 Financing Corporation

21 April 2011

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, THE CAYMAN ISLANDS OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY(SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)

21 April 2011

National Central Cooling Company PJSC announces update on the settlement of its tender offer for the AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) of Tabreed 08 Financing Corporation

National Central Cooling Company PJSC (Tabreed) announced on 2 March 2011 an invitation to holders of the AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) (the Certificates) of Tabreed 08 Financing Corporation (the Certificateholders and the Issuer, respectively) to tender their Certificates for purchase by Tabreed (the Offer). The Offer expired on 16 March 2011.

Tabreed announces and gives notice to Certificateholders that it is awaiting receipt of the relevant regulatory approvals for the capital increase in respect of the Shares to be delivered on settlement of the Offer and that consequently the Offer Settlement Date will not occur on 21 April 2011. Settlement will proceed as soon as practicable once these approvals are received.

The Offer and Proposal were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 2 March 2011 (the Tender Offer Memorandum) and this announcement should be read in conjunction with the Tender Offer Memorandum and the announcements by Tabreed dated 2, 16 and 28 March 2011 and 1 April 2011. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum and the Conditions.

Morgan Stanley & Co. International plc is acting as Dealer Manager. Lucid Issuer Services Limited is acting as Tender Agent. For detailed terms of the Offer and the Proposal please refer to the Tender Offer Memorandum, copies of which can be obtained from the Tender Agent referred to below.

Dealer Manager

 
 Morgan Stanley & Co. International plc 
             25 Cabot Square 
              Canary Wharf 
             London E14 4QA 
             United Kingdom 
       Telephone: +971 4 363 4829 
         Attention: Yavar Moini 
   Email: tandem_ecm@morganstanley.com

Tender Agent:

 
        Lucid Issuer Services Limited 
                 Leroy House 
                436 Essex Road 
                London N1 3QP 
                United Kingdom 
         Telephone: +44 20 7704 0880 
            Fax: +44 20 7067 9098 
  Attention: Sunjeeve Patel / Thomas Choquet 
         Email: tabreed@lucid-is.com

DISCLAIMER

Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Certificates. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of Tabreed, the Issuer, the Dealer Manager and the Tender Agent to inform themselves about and to observe any such restrictions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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