Crimsonwing l c : Result of Voluntary Public Takeover Bid

Lignum House, Aldo Moro Road, Marsa, MRS 9065, Malta

T: +356 2124 2121 | F: +356 2593 3998 | E: plc@crimsonwing.com

www.crimsonwing.com

Date of Announcement 30 January 2015

Reference 75/2015

The following is a Company Announcement issued by Crimsonwing p.l.c. ("Crimsonwing" or the "Company")
pursuant to Chapters 5 and 11 of the Malta Financial Services Authority Listing Rules:

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Crimsonwing announces, in connection with the offer received from KPMG Investments Malta Limited (the "Offeror") for a Voluntary Public Bid launched in terms of Chapter 11 of the Listing Rules (the "Bid") for the acquisition of the entire issued share capital of Crimsonwing, that Rizzo, Farrugia & Co. (Stockbrokers) Ltd, in their capacity as the Managers, Registrars and Collecting and Paying Agents of the Bid, have as at the closure of the Acceptance Period (20 January 2015) received acceptances in respect of 29,506,296 shares in the Company, amounting to approximately 97.7% of the entire issued share capital of the Company.
The Company also announces that all of the conditions subject to which the Bid was conditional and revocable in terms of section 5.4 of the offer document dated 28 November 2014 have been fulfilled, and that accordingly the Voluntary Public Takeover Bid by the Offeror is now unconditional in all respects.
For the purpose of completing the process of transfer of the entire issued share capital in the Company in favour of the Offeror, the Company hereby announces that all trading in Crimsonwing shares shall be suspended immediately upon closing of trading on the 3 February 2015.
As a result of the fact that the Offeror will acquire and hold over 90% of the shares and votes in the Company, within a maximum of three (3) months from the closing date of the offer the Offeror is entitled in terms of Listing Rule 11.42 to require all the remaining shareholders to sell and transfer to the Offeror the remaining shares in Crimsonwing. The Offeror had already expressed its intention to exercise such right in section 8.5.1 of the Offer Document, and when communicating the results of the Offer to the Company, the Offeror has re-affirmed its intention to acquire all of the remaining shares in the Company.
The Offeror has appointed Deloitte Services Limited as an independent expert to draw up a report in order to satisfy the requirements of Listing Rule 11.43, and shall in due course inform the Company with further details on the process to be carried out by the Offeror for the purpose of acquiring all of the remaining shares in the Company, at which point the Company shall issue the necessary company announcement.

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By order of the Board.

Crimsonwing PLC | Registered in Malta: C42234

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