ECAS European Cap

    RNS Number : 6327I
  American Capital, Ltd.
  20 November 2008
   

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
WHERE TO DO SO WOULD BE UNLAWFUL. 


 For immediate release   20 November 2008
    AMERICAN CAPITAL, LTD. - RULE 2.10 ANNOUNCEMENT

    In accordance with Rule 2.10 of The City Code on Takeovers and Mergers (the "Code"), American Capital, Ltd. ("ACAS") confirms that as at
the close of business on 19 November 2008 its issued share capital consisted of 214,063,202* shares of common stock of $0.01 par value each
("Common Stock"). The International Securities Identification Number for ACAS's Common Stock is US02503Y1038. 
    Enquiries

    ACAS
    Thomas McHale, Senior Vice President, Finance        Telephone: +1 (301) 951 6122
    Justin Cressall, Vice President, Equity Capital Markets    
        
    * Note: The increase from the figure of 206,757,880 shares of Common Stock announced by ACAS on 14 November 2008 is attributable to
7,305,322 shares of Common Stock which are held within a trust established to satisfy bonus awards made to ACAS employees under the American
Capital Incentive Bonus Plan. Although these shares are accounted for by ACAS as treasury shares, they carry voting rights exercisable by
the trustee and therefore are not treated as treasury shares under the Code and should be counted as part of ACAS's issued share capital for
the purposes of any disclosures made pursuant to the Code.

    Dealing disclosure requirements
    
    Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes, "interested" (directly or indirectly) in 1 per cent. or
more of any class of "relevant securities" of European Capital Limited ("European Capital") or ACAS, 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will continue until the date on which the Scheme and/or City Code Offer becomes Effective, lapses or is otherwise withdrawn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 European Capital or ACAS, 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 City Code, all "dealings" in "relevant securities" of European Capital or ACAS by European
Capital or ACAS, 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 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 City 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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