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Company : Business Wire 
Thursday, September 30, 2004 3:21PM IST (9:51AM GMT)
 
(BW)(ECO-BAT)
Eco-Bat Announces Planned Add-on Issuance of Senior Notes Due 2013
England, Matlock, United Kingdom

Eco-Bat Finance PLC, a subsidiary of Eco-Bat Technologies Limited, announced today that, subject to market and other conditions, it intends to issue an additional approximately EUR 65 million principal amount of 10 1/8% Senior Notes due 2013 pursuant to the same indenture under which its existing EUR 165 million of 10 1/8% Senior Notes due 2013 were issued. The proceeds of the issuance will be used for general corporate purposes, which may include the repayment of existing indebtedness or the financing of future investments or strategic acquisitions.

The Senior Notes are being sold to Qualified Institutional Buyers in the Unites States under Rule 144A and to institutional investors outside the United States under Regulation S and have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws. The Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Senior Notes, nor shall there be any sale of the Senior Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. No action has been or will be taken to permit a public offering of the Senior Notes in any jurisdiction, including the United Kingdom.

For further information, please contact Peter King or George Cummins at +44 (0) 1629 736 100.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. Securities may not be offered or sold in the United States absent registration or an exemption from registration; any public offering of securities in the United States must be made by means of a prospectus that may be obtained from the issuer and that contains detailed information about the company and management as well as financial statements. The securities of Eco-Bat Finance PLC described herein have not been and will not be registered under the U.S. securities laws and will not be offered or sold publicly in the United States.

The contents of this press release have only been sent by Eco-Bat Technologies Limited and Eco-Bat Finance PLC to persons falling within Article 47(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order"), to persons outside the United Kingdom in accordance with Article 12(1)(a) of the Order, to persons falling within Article 43 of the Order and to other persons to whom it may lawfully be communicated in accordance with the Order.

This press release contains forward-looking statements. These statements reflect the current belief of the management of each of Eco-Bat Technologies Limited and Eco-Bat Finance PLC as well as assumptions made by, and information available to, the Eco-Bat Technologies Limited and Eco-Bat Finance PLC. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual future results and developments could differ materially from those set forth in these statements due to various factors. These factors include, among others, changes in the general economic and competitive situation, particularly in the businesses of Eco-Bat Technologies Limited and Eco-Bat Finance PLC and markets; changes resulting from acquisitions and the subsequent integration of companies; and changes resulting from restructuring measures. In addition, future results and developments could be affected by the performance of financial markets, fluctuations in exchange rates and changes in national and supranational law, particularly with regard to tax regulations. Eco-Bat Technologies Limited and Eco-Bat Finance PLC assume no obligation to update future statements.

 
 
 
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