The Ravelston Corporation Limited

RAVELSTON MANAGEMENT INC.

March 28, 2005 18:11 ET

Ravelston Comments On Ontario Securities Commission Decision


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE RAVELSTON CORPORATION LIMITED

AND RAVELSTON MANAGEMENT INC.

MARCH 28, 2005 - 18:11 ET

Ravelston Comments On Ontario Securities Commission
Decision

TORONTO, ONTARIO--(CCNMatthews - March 28, 2005) - The Ravelston
Corporation Limited issued the following statement commenting on the
decision issued today by the Ontario Securities Commission regarding the
proposed going private transaction involving Hollinger Inc.:

"Today's decision by the OSC, contrary to the recommendation of its own
staff and the Hollinger Inc. independent directors, and the wishes of
the clear majority of public shareholders, denies the shareholders of
Hollinger Inc. the opportunity to determine for themselves what they
believe is in their best interests. It is the second time in thirteen
months that a decision that we believe to be unjust has denied Hollinger
Inc. shareholders the opportunity to get a fair price for their shares.
Ravelston will continue to work in the interests of all Hollinger
shareholders and do what it can to maximize the value of the company."

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Ravelston Corporation Limited
    Media contact:
    Jim Badenhausen
    (646) 805-2006