WORLDWIDE NATURAL RESOURCE PLC ("WNR")
DISCLOSURE IN ACCORDANCE WITH RULE 2.10 OF THE TAKEOVER CODE
In accordance with Rule 2.10 of the Takeover Code, WNR confirms that on 4 June
2009 it has 107,833,333 ordinary shares of 0.05 pence each in issue. The ISIN
reference for those securities is GB00B0NBKQ55.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or
becomes, "interested" (directly or indirectly) in 1% or more of any class of
"relevant securities" of WNR or of Condor, all "dealings" in any "relevant
securities" of either company (including by means of an option in respect of,
or a derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the Offer becomes, or is declared, unconditional as to
acceptance, lapses or is otherwise withdrawn or on which the "offer period"
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an "interest" in relevant
securities" of WNR or Condor, they will be deemed to be a single person for the
purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in
"relevant securities" of WNR or of Condor by WNR or Condor, or by any of their
respective "associates", must be disclosed by no later than 12.00 noon (London
time) on the London 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, and the number of such securities
in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.
"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 reference to, securities.
Terms in quotation marks are defined in the Takeover Code, which can also be
found on the Takeover Panel's website. If you are in doubt as to whether or not
you are required to disclose a "dealing" under Rule 8, you should consult the
Takeover Panel.
All documents in relation to WNR's offer for Condor are available at
www.atlantic-law.com.
The Directors of WNR accept responsibility for this announcement.
FOR FURTHER INFORMATION CONTACT:
Worldwide Natural Resources Plc:
Luca Tenuta Tel: 020 7486 2234
Capital Partners Group Limited
Claudio Rojas Tel: 020 7748 2215
END