SOURCE: Allied Domecq PLC

July 25, 2005 10:07 ET

ALLIED DOMECQ PLC ANNOUNCES SCHEME OF ARRANGEMENT CONFIRMED BY COURT

Bristol, UK -- (MARKET WIRE) -- July 25, 2005 --


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                                                                    25 July 2005

Allied Domecq PLC - SCHEME OF ARRANGEMENT CONFIRMED BY COURT


The Board of Allied Domecq PLC ("Allied Domecq") announces that the reduction of
capital comprised within the Scheme (the "Reduction of Capital") has been
confirmed by the High Court. The Scheme is expected to become effective on 26
July 2005 on registration of an office copy of the Court Order by the Registrar
of Companies.

The listing of the Ordinary Shares of Allied Domecq on the Official List is
expected to be cancelled, at Allied Domecq's request, with effect from the
commencement of business on 27 July 2005.

The Mix and Match Election was closed at 3.00 p.m. on Thursday, 21 July 2005. At
that time, Allied Domecq Shareholders holding 101,027,394 million Allied Domecq
Shares, representing approximately 9.13 per cent. of the existing issued
ordinary share capital of Allied Domecq, had elected to receive additional cash
and Allied Domecq Shareholders holding 707,960,955 million Allied Domecq Shares,
representing approximately 63.95 per cent. of the existing issued ordinary share
capital of Allied Domecq, had elected to receive additional New Pernod Ricard
Shares. Accordingly, valid elections under the Mix and Match Election for
additional New Pernod Ricard Shares have been scaled back pro rata but elections
for additional cash will be satisfied in full.

Allied Domecq Shareholders who elected for additional cash under the Mix and
Match Election will be entitled to receive 670p in cash for every Allied Domecq
Share included in the Mix and Match Election. Allied Domecq Shareholders who
elected for additional New Pernod Ricard Shares under the Mix and Match Election
will be entitled to receive approximately 0.0180 New Pernod Ricard Shares and
approximately 527p in cash for every Allied Domecq Share included in the Mix and
Match Election.

In respect of Allied Domecq Shares for which no valid election under the Mix and
Match Election has been made, Allied Domecq Shareholders will receive the basic
offer consideration of 545 pence in cash and 0.0158 of a New Pernod Ricard Share
per Allied Domecq Share.

Fractions of New Pernod Ricard Shares will not be allotted, but will be
aggregated and sold in the market and the net proceeds of such sale will be paid
in cash to such Allied Domecq Shareholders entitled thereto in accordance with
their fractional entitlements.

Cash consideration due under the offer will be despatched by cheque by
Computershare or settled through CREST, as appropriate, by 9 August 2005.
Settlement of the cash consideration will also include cash in respect of any
fractional entitlements.

We have been informed by Pernod Ricard that the New Pernod Ricard Shares are
expected to be issued on 26 July 2005 and admitted to trading by Euronext on 27
July 2005. Societe Generale will issue and post statements of entitlement to New
Pernod Ricard Shares by 9 August 2005. Each statement of entitlement will have a
unique identification number which is required to access the relevant account
and transmit instructions for transfer or sale. Allied Domecq Shareholders who
wish to access their account prior to receiving their statement of entitlement
may contact Societe Generale's shareholder support service, NOMILIA, from 27
July 2005 on +33 800 970 340 and use their existing Computershare identification
number. Forms enabling Pernod Ricard shareholders to transfer shares from
Societe Generale to an alternative account are available on Pernod Ricard's
website at www.pernod-ricard.com.

Expressions used in this announcement have the same meaning as in the Scheme
Document to Scheme Shareholders dated 25 May 2005.

For further information:

Media enquiries:
Stephen Whitehead, Director, Group Corporate Affairs      +44 (0) 7880 783532
                                                          +44 (0) 20 7009 3927
Anthony Cardew, Cardew Group                              +44 (0) 20 7930 0777

Investor enquiries:
Peter Durman, Director, Group Investor Relations          +44 (0)7771 974817



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