85GQ Anz Bank 43

RNS Number:6955E
Pilkington PLC
16 June 2006



Not for release, publication or distribution in or into Australia or New Zealand

                                                                    16 June 2006


                                 Pilkington plc

                 Recommended cash acquisition of Pilkington plc
                         by NSG UK Enterprises Limited

                  Implementation of the Scheme of Arrangement

The boards of Pilkington plc ("Pilkington") and Nippon Sheet Glass Co., Ltd.
("NSG") are pleased to announce that the Scheme of Arrangement has now been
implemented and that, accordingly, Pilkington is now a member of the NSG Group.

Commenting on the Acquisition, Yozo Izuhara, Chairman and CEO of NSG, said:
"NSG with Pilkington produces a world leader of scale in the global Flat Glass
industry. Employing 36,000 people, the enlarged company will have annual sales
of around #4 billion, manufacturing operations in 26 countries and sales in over
130, with ownership or interests in 50 float glass manufacturing lines worldwide
and a widened Automotive customer base".

Stuart Chambers, Group Chief Executive of Pilkington said:  "I am excited about
Pilkington's future as part of the NSG Group.  The new combined company is a
global leader in glass.  Our joint technological strength, innovation and global
reach mean we are well placed to grow profitably and to service and develop our 
customer base in all major markets worldwide".

Under the Scheme, Pilkington Shareholders are entitled to receive 165 pence for
each Pilkington Share held at the Scheme Record Time and, to the extent that
they have validly elected to receive Loan Notes under the Loan Note Alternative,
#1.00 of Loan Notes for each #1.00 of cash consideration to which they would
otherwise be entitled under the Scheme.

Settlement of the cash consideration, and the issue of certificates in respect
of the Loan Notes under the Loan Note Alternative, are expected to be effected
on or prior to 30 June 2006.

Capitalised terms in this announcement have the same meaning as in the Scheme
Document dated 16 March 2006.

Enquiries:

Pilkington plc
Iain Lough                                    01744 692 244
David Roycroft                                020 7747 6000

Citigroup
Robert Swannell                               020 7986 4000
Iain Robertson
Jonathan Steers

JPMorgan Cazenove
Edmund Byers                                  020 7588 2828
Steve Baldwin

Finsbury
Rupert Younger                                020 7251 3801
Robin Walker

Nippon Sheet Glass Co., Ltd.
Tomoaki Abe                              +81 (0)3 5443 9505
Masakuni Nitta

Lazard
William Rucker                                020 7187 2000
Richard Shaw

UBS Investment Bank
Liam Beere
Benjamin Lee                                  020 7567 8000

Brunswick Group LLP
Jonathan Glass                                020 7404 5959
Justine McIlroy

The directors of Pilkington accept responsibility for the information contained
in this announcement and confirm that, to the best of their knowledge and belief
(having taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with facts and does
not omit anything likely to affect the import of such information.

The directors of NSG UK and the directors of NSG accept responsibility for the
information contained in this announcement relating to NSG UK and NSG. To the
best of the knowledge and belief of the directors of NSG UK and the directors of
NSG (having taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with facts and does
not omit anything likely to affect the import of such information.

Citigroup and JPMorgan Cazenove, which are authorised and regulated in the
United Kingdom by the Financial Services Authority, are acting exclusively for
Pilkington in connection with the Acquisition and will not be responsible to
anyone other than Pilkington for providing the protections afforded to their
respective clients or for providing advice in relation to the Acquisition.

Lazard, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for NSG and NSG UK and no one else in
connection with the Acquisition and will not be responsible to anyone other than
NSG and NSG UK for providing the protections afforded to the clients of Lazard
or for providing advice in relation to the Acquisition.

UBS is acting exclusively for NSG and NSG UK and no one else in connection with
the Acquisition and will not be responsible to anyone other than NSG and NSG UK
for providing the protections afforded to the clients of UBS or for providing
advice in relation to the Acquisition.

ends




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

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