ABLON GROUP LIMITED 
By FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
22 February 2013
Unconditional Mandatory Cash Offer
by
CPI Group, a.s.
to acquire the entire issued share capital of
Ablon Group Limited
Summary
· CPI Group, a.s. ("CPI" or the "Offeror") today announces the acquisition of 39,237,704 ordinary shares in Ablon Group Limited at a price of 22.5 pence per share, representing approximately 28.65 per cent. of the issued share capital of Ablon Group Limited ("Ablon"or the "Company").
· Accordingly, the Offeror is now interested in an aggregate 69,681,642 Shares, representing approximately 50.89 per cent. of the issued share capital of the Company and, as a result, the Offeror is required to make a mandatory cash offer (the "Offer") for the remaining Shares in the Company in accordance with Rule 9 of the Code.
· Under the terms of the Offer, holders of Shares who accept the Offer will be entitled to receive:
22.5 pence in cash for each Share
· The Offer values the entire issued share capital of the Companyat approximately £30.81 million.
· As the Offeror now holds Shares carrying more than 50 per cent. of the voting rights of the Company, the Offer will, when formally made, be unconditional from the outset.
Commenting on the Offer, Mr. Radovan Vitek said:
"After a period of instability, the acquisition of Ablon is an opportunity to provide the Company with a new strategic direction. We believe that the regions in which Ablon operates have good long-term growth prospects albeit we expect market conditions to remain difficult in the short-to-medium term."
Following this announcement, CPI intends to continue to engage with the Company's board (the "Board") with a view to seeking a recommendation for the Offer.
The above summary should be read in conjunction with, and is subject to, the full text of this announcement and the Appendices.
Appendix I sets out certain further terms of the Offer. Appendix II sets out the bases and sources relating to certain information contained in this announcement. Certain terms used in this announcement are defined in Appendix III.
Enquiries:
CPI
Martin N
