ANNOUNCEMENT

 

LINSTOW INTERNATIONAL TAKE-OVER BID TO SHAREHOLDERS OF REVAL 

HOTELLIGRUPI AS 

 

Linstow International AS. (registry code: 981354354; address: 

Bryggegaten 9, 0250 Oslo, Norway) announces the take-over offering 

to shareholders of Reval Hotelligrupi AS (registry code: 

10041810, address: Narva Rd. 30, Tallinn 10152, Eesti, share 

capital: 5,265,129 freely disposable shares with EEK 10 par value) 

for acquisition of Reval Hotelligrupi AS shares under the following 

terms and conditions: 

 

· the current offering is valid for all issued and outstanding 

shares of Reval Hotelligrupi AS, which are held by minority 

shareholders of Reval Hotelligrupi AS 

· offering price is EEK 74 per share

· offering is valid from 17.08.2000 - 18.09.2000

· value date of the take-over offering is 21.09.2000 

 

A shareholder must register the transaction order for sale of 

shares at his or her account operator bank in order to conclude a 

transaction. The transaction order must be submitted not later than 

on 18.09.2000 at 17:00.

 

On the value date the proceeds from sale of shares will be 

transferred to the shareholder's cash account connected with his or 

her securities account. 

The take-over offering prospectus in Estonian language is available 

at Reval Hotelligrupi AS head offices (address Narva Rd. 30, 

Tallinn), and on Tallinn Stock Exchange internet homepage at 

<a href='http://www.tse.ee/borsiteated/borsiteated.php.' target='_blank'>http://www.tse.ee/borsiteated/borsiteated.php.</a> 

 

The current take-over offering is made in accordance with Tallinn 

Stock Exchange Rules for Take-over Bids, and harmonized with the 

Tallinn Stock Exchange Take-over Committee on 16.08.2000. Reval 

Hotelligrupi AS intends to apply for delisting of its shares from 

the Tallinn Stock Exchange after the end of the take-over offering.

 

The take-over offering is managed by Trigon Capital

 

 

Trigon Capital 

Jason Grenfell-Gardner 

Telefon: 372 6 679 210