SPS Superscape

RNS Number:6070M
Glu Mobile
25 January 2008


 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


25 January 2008

                             RECOMMENDED CASH OFFER
                                       BY
                            GLU MOBILE INC. ("GLU")
                                      FOR
                      SUPERSCAPE GROUP PLC ("SUPERSCAPE")

                             OFFER DOCUMENT POSTED


On 23 January 2008, the Boards of Superscape and Glu announced that they had
reached agreement on the terms of a recommended cash offer to be made by Glu for
the entire issued share capital of Superscape at a price of 10 pence per
Superscape Share.

The Board of Glu announces that the Offer Document and Form of Acceptance
relating to the Offer have been posted to Superscape Shareholders today.

The Offer will be open for acceptances until 3:00 pm (London time) on 15
February 2008 unless the period for acceptance is extended by Glu.

The full terms and conditions of the Offer (including details of how the Offer
may be accepted) are set out in the Offer Document and the Form of Acceptance
accompanying the Offer Document.

Copies of the Offer Document and the Form of Acceptance will be available for
collection during normal business hours on any weekday (Saturdays, Sundays and
public holidays excepted) from Capita Registrars at Corporate Actions, The
Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU, UK, while the Offer
remains open for acceptance.

Terms used in this announcement shall have the same meaning given to them in the
Offer Document.


Enquiries:

Lazard (financial adviser to Glu)
Cyrus Kapadia                                                +44 (0)20 7187 2000
Jeffrey Sechrest                                             +1 212 632 6000
Terence Fung                                                 +1 415 623 5000

Close Brothers (financial adviser to Superscape)             +44 (0)20 7655 3100
Simon Willis
James Craven


Lazard & Co., Limited is acting exclusively as financial adviser to Glu and no
one else in connection with the Offer and this announcement and will not be
responsible to anyone other than Glu for providing the protections afforded to
clients of Lazard & Co., Limited, nor for providing advice in connection with
the Offer or this announcement or any matter referred to in this announcement.

Close Brothers, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to
Superscape and no one else in connection with the Offer and this announcement
and will not be responsible to anyone other than Superscape for providing the
protections afforded to clients of Close Brothers, nor for providing advice in
connection with the Offer or this announcement or any matter referred to in this
announcement.

This announcement does not constitute, or form part of, an offer or solicitation
of any offer to sell or an invitation to purchase any securities or the
solicitation of an offer to buy any securities, pursuant to the Offer or
otherwise. The Offer will be made solely by means of the Offer Document and the
Form of Acceptance, which contain the full terms and conditions of the Offer,
including details of how the Offer may be accepted. Any acceptance or other
response to the Offer should be made on the basis of the information in the
Offer Document and the Form of Acceptance.

The availability of the Offer to persons who are not resident in the United
Kingdom or the United States may be affected by the laws of the relevant
jurisdictions in which they are located. Persons who are not resident in the
United Kingdom or the United States should inform themselves about, and observe,
any applicable legal or regulatory requirements.

The release, publication or distribution of this announcement in jurisdictions
other than the UK or the United States may be restricted by law and therefore
any persons who are subject to the laws of any jurisdiction other than the UK or
the United States should inform themselves about, and observe, any applicable
requirements. Any failure to comply with the applicable requirements may
constitute a violation of the securities laws of any such jurisdiction. This
announcement has been prepared for the purpose of complying with English law and
the Code and the applicable requirements of the United States federal and state
securities laws and the information disclosed may not be the same as that which
would have been disclosed if this announcement had been prepared in accordance
with the laws of jurisdictions outside the UK or the United States.

Copies of this announcement are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed or sent in or into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws of such jurisdiction and persons receiving this announcement
(including, without limitation, custodians, nominees and trustees) must not mail
or otherwise forward, distribute or send it in or into or from any such
jurisdiction.

The Offer is subject to the applicable rules and regulations of the UK Listing
Authority, the London Stock Exchange, the Code and the applicable requirements
of the United States federal and state securities laws.

Further details in relation to overseas shareholders are contained in the Offer
Document.

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Code, if any person is or becomes
"interested" (directly or indirectly) in one per cent. or more of any class of
"relevant securities" of Superscape, all "dealings" in any "relevant securities"
of Superscape by such person (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 p.m. (London time) on the 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 Superscape, 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 Superscape, by Glu or Superscape, or by any of their respective "
associates", must be disclosed by no later than 12.00 noon (London time) on the
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 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 contact an independent financial adviser
authorised under the Financial Services and Markets Act 2000, if you are in the
UK or, if not, an appropriate authorised independent financial adviser or
consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel
by telephone (+44 (0) 20 7638 0129) or by fax (+44 (0) 20 7236 7013).
--------------------------


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