Daily Internet plc
LSE : DAIP

March 05, 2009 12:47 ET

Further Re-Offer For Lambolle Partners Plc

   Not for release, publication or distribution, in whole or in part, in or into or from the United
States, Canada, Australia, Japan or the Republic of South Africa or any other jurisdiction where to do
                  so would constitute a violation of the relevant laws or regulations
                                                                                                      
                                                                                          5 March 2009
                                          Daily Internet plc
                                  ("Daily Internet" or the "Company")
                                                   
                    Offer unconditional as to acceptances at the First Closing Date

On 12 February 2009 Daily Internet made the Offer to acquire the entire issued, and to be issued,
share capital of Lambolle.

The Daily Internet Board is pleased to announce that the recommended all share offer for Lambolle made
by John East & Partners Limited, on behalf of Daily Internet, has today been declared unconditional as
to acceptances.

As  at  1.00  p.m. on 5 March 2009, valid acceptances of the Offer had been received in respect  of  a
total of 153,750,000 Lambolle Shares representing, in aggregate, 83.10 per cent. of Lambolle's current
issued share capital, all of which Daily Internet may count towards the satisfaction of its acceptance
condition.

Prior to the posting of the Offer Document, Daily Internet had received irrevocable undertakings  from
the Lambolle Directors in respect of their own Lambolle Shares and certain other Lambolle Shareholders
to accept the Offer in respect of, in aggregate, 96,250,000 Lambolle Shares representing approximately
52.03  per cent. of the existing issued Lambolle Shares. Daily Internet has received valid acceptances
with respect to all of these irrevocable undertakings.

This  includes an acceptance received from Abby Adulayavichit, Chairman and Managing Director of Daily
Internet, who is deemed to be acting in concert with Daily Internet, in respect of 1,000,000  Lambolle
Shares, equivalent to 0.54 per cent. of the issued share capital of Lambolle.

The  Offer, which remains subject to the terms and other conditions set out in the Offer Document,  is
being extended and remains open for acceptance until further notice.

Lambolle  Shareholders who hold Lambolle Shares in certificated form (that is, not in CREST) and  wish
to  accept the Offer, should complete, sign, have witnessed (in the case of an individual) and  return
the  Form  of Acceptance in accordance with the instructions in paragraph 11 (a) of Part  III  of  the
Offer Document and the instructions printed on the Form of Acceptance as soon as possible.

Lambolle Shareholders who hold Lambolle Shares in uncertificated form (that is, in CREST) and wish  to
accept the Offer, should submit a TTE Instruction and comply with the instructions in paragraph 11 (b)
of Part III of the Offer Document as soon as possible.

Terms defined in the Offer Document dated 12 February 2009 have the same meaning in this announcement.

Disclosures
Save  as  disclosed  above, no Lambolle Shares have been acquired or agreed to be acquired  by  or  on
behalf  of Daily Internet or any person acting in concert with Daily Internet during the Offer  Period
and neither Daily Internet nor any person acting in concert with Daily Internet has the benefit of any
irrevocable  commitment or letter of intent in respect of any Lambolle Shares or has any  interest  in
any  Lambolle Shares, or any short position (whether conditional or absolute and whether in the  money
or otherwise and including any short position under a derivative), any agreement to sell, any delivery
obligation,  any right to require another person to purchase or take delivery, any stock borrowing  or
lending  arrangement  in respect of any Lambolle Shares, or any right to subscribe  for  any  Lambolle
Shares.

Enquiries:

Abby Adulayavichit                                                                  Tel: 0115 973 7260
Chairman and Managing Director
Daily Internet plc

Frank Lucas                                                                         Tel: 020 7628 1128
Peter Freeman
Loeb Aron & Co Limited
(PLUS Market Corporate Adviser to Daily Internet)

David Worlidge                                                                      Tel: 020 7628 2200
Simon Clements
John East & Partners Limited
(Financial Adviser to Daily Internet)


The Daily Internet Directors accept responsibility for the information contained in this Announcement.
To the best of the knowledge and belief of the Daily Internet Directors (who have taken all reasonable
care to ensure that such is the case), the information contained in this Announcement is in accordance
with the facts and does not omit anything likely to affect the import of such information.

John East & Partners Limited, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting for Daily Internet and for no one else in connection with the Offer, and
will not be responsible to anyone other than Daily Internet for providing the protections afforded  to
customers  of  John East & Partners Limited nor for providing advice in relation to the Offer  or  any
matter referred to in this Announcement.

Unless  otherwise  determined by Daily Internet and permitted by applicable law  and  regulation,  the
Offer  is  not being made, and will not be made, directly or indirectly, in or into or by the  use  of
mails   or   other  means  of  instrumentality  (including,  without  limitation,  telephonically   or
electronically) of interstate or foreign commerce, or any facility of a national securities  exchange,
of a Restricted Jurisdiction (including the United States, Canada, Australia, Japan or the Republic of
South  Africa) and the Offer will not be capable of acceptance by such use, means, instrumentality  or
facilities  from  or within a Restricted Jurisdiction.  Accordingly, copies of this announcement,  the
Offer  Document  and related documents, including the Form of Acceptance (in respect  of  certificated
Lambolle  Shares), are not being, and must not be in whole or in part, directly or indirectly,  mailed
or  otherwise forwarded, distributed or sent in or into or from a Restricted Jurisdiction.   Doing  so
may  render  invalid  any  purported acceptance of the Offer.  All Lambolle  Shareholders  (including,
without limitation, nominees, trustees or custodians) who would or otherwise intend to, or may have  a
contractual  or  legal obligation to, forward this announcement, the Offer Document  or  the  Form  of
Acceptance to any jurisdiction whether inside or outside the United Kingdom or to any overseas  person
should seek appropriate advice before taking any action.

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

This  announcement  does  not constitute, or form part of, an offer or an invitation  to  purchase  or
subscribe  for any securities.  The Offer is being made solely by the Offer Document and the  Form  of
Acceptance,  which together contain the full terms and conditions of the Offer, including  details  of
how the Offer may be accepted.


Contact Information

  • Daily Internet plc