8 May 2012

READYMIX PLC

Recommended acquisition for cash by readymix investments

Court hearing

FOR IMMEDIATE RELEASE

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 or regulations of such jurisdiction.

The Independent Committee of Readymix plc (the "Company") announces that, at the Court Hearing today of the petition to sanction the Scheme, objections to the Scheme were made on behalf of two minority shareholders, representing in aggregate 268 ordinary shares in Readymix (being 0.00024% of the issued share capital and 0.00063% of the Scheme Shares). Having heard the objections and the Company's response, the Court has stated that it will make its order in respect of the petition to sanction the Scheme on the afternoon of Wednesday, 16 May 2012. If that order sanctions the Scheme without modification, it is expected that the Scheme and the Acquisition will become effective on Thursday, 17 May 2012 (the "Effective Date").

It is intended that, subject to the Scheme becoming effective in accordance with its terms and subject to applicable requirements of the Irish Stock Exchange, the listing of the Readymix Shares on the official list of the Irish Stock Exchange and admission of the Readymix Shares to trading on the Main Securities Market of the Irish Stock Exchange will be cancelled at 8:00 a.m. on the business day immediately following the Effective Date (currently expected to be Friday, 18 May 2012). In that case, the last day of dealing in Readymix Shares on the Irish Stock Exchange will be the Effective Date. Further announcements will be made in due course.

Definitions used in the Scheme Document dated 13 March 2012 have the same meaning when used in this announcement, unless the context requires otherwise.

Responsibility

The directors of Readymix plc accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Readymix plc (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.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007, as amended (the "Irish Takeover Rules"), if any person is, or becomes, 'interested' (directly or indirectly) in, one per cent., or more of any class of 'relevant securities' of Readymix, all 'dealings' in any 'relevant securities' of Readymix (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by not later than 3.30 pm on the business day following the date of the relevant transaction. This requirement will continue until the 'offer period' ends. If two or more persons co-operate on the basis of any agreement, either express or tacit, either oral or written, to acquire an 'interest' in 'relevant securities' of Readymix, they will be deemed to be a single person for the purpose of Rule 8.3 of the Irish Takeover Rules.

Under the provisions of Rule 8.1 of the Irish Takeover Rules, all 'dealings' in 'relevant securities' of Readymix by Readymix or Bidco or by any of their respective 'associates' must also be disclosed by no later than 12.00 noon 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 can be found on the Panel's website at www.irishtakeoverpanel.ie.

'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 Irish Takeover Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to disclose a dealing under Rule 8, please consult the Panel's website at www.irishtakeoverpanel.ie or contact the Panel on telephone number +353 (0)1 678 9020; fax number +353 (0)1 678 9289.

This information is provided by RNS

The company news service from the London Stock Exchange

END



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