Confirmation Of Capital Reduction And Suspension Of Trading Of D&G Shares

Media Centre

November 2007

Further to the announcement made on 19 November 2007, the board of directors of AIDG Jersey Acquisitions and D&G are pleased to announce that earlier today the High Court confirmed the Capital Reduction forming part of the Scheme.

Accordingly, all the conditions of the Scheme have been satisfied or waived other than those relating to the delivery to and registration of the Reduction Court Order to the Registrar of Companies.

The Scheme is expected to become effective on 22 November 2007 and cheques will be despatched or consideration settled through CREST on or before 6 December 2007.

D&G Shares have been suspended from trading from 7:30 a.m. today. An application has been made to the UK Listing Authority requesting the cancellation of the listing of the D&G Shares on the Official List as well as the trading of D&G Shares on the London Stock Exchange. Cancellation is expected to take place at 8.00 a.m. on 26 November 2007. Any capitalised term used but not defined in this announcement has the same meaning as given to it in the Scheme document dated 24 September 2007 (the 'Scheme Document').

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Enquiries

Domestic & General Group Limited
Nicholas Rochez, Chairman
Advent International plc +
John Singer
HSBC
Anthony Bernbaum
Julian Gray
Hawkpoint
Lawrence Guthrie
Sunil Duggal
Goldman Sachs International
Richard Campbell-Breeden
Paul Miller
Collins Stewart (as corporate broker to D&G)
Chris Wells
Hogarth Partnership Limited (on behalf of D&G)
John Olsen
Barnaby Fry
Financial Dynamics (on behalf of Advent International plc)
Deborah Scott
Fergus Wheeler

+44 20 8879 8591
44 20 7333 0800
+44 20 7991 8888
+44 20 7665 4500
+44 20 7774 1000
+44 20 7523 8318
+44 20 7357 9477
+44 20 7831 3113

HSBC, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for D&G and no one else in connection with the Acquisition and will not be responsible to anyone other than D&G for providing the protections afforded to clients of HSBC or for providing advice in relation to the Acquisition or any other matters referred to in this announcement.

Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for D&G and no one else in connection with the Acquisition and will not be responsible to anyone other than D&G for providing the protections afforded to clients of Hawkpoint or for providing advice in relation to the Acquisition or any other matters referred to in this announcement.

Collins Stewart, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for D&G and no one else in connection with the Acquisition and will not be responsible to anyone other than D&G for providing the protections afforded to clients of Collins Stewart or for providing advice in relation to the Acquisition or any other matters referred to in this announcement.

Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Advent and AIDG Jersey Acquisitions and no one else in connection with the Acquisition and will not be responsible to anyone other than Advent or AIDG Jersey Acquisitions for providing the protections afforded to clients of Goldman Sachs International or for providing advice in relation to the Acquisition or any other matters referred to in this announcement.

This announcement is not intended to and does not constitute an offer to sell or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise. Only the Scheme Document contains the full terms and conditions of the Acquisition. Any. D&G has distributed and prepared the Scheme Document to those D&G Shareholders able to receive it. D&G and AIDG Jersey Acquisitions urge D&G Shareholders to read the Scheme Document because it contains important information relating to the Acquisition.

The distribution, release or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purpose of complying with English law and the Takeover Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK.

The availability of the Scheme Document to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements of those jurisdictions. Any failure to comply with the laws and regulatory requirements of the relevant jurisdictions may constitute a violation of the securities laws of any such jurisdiction.

Notice to US Investors in D&G

The Acquisition relates to the securities of a UK company and is subject to UK disclosure requirements, which are different from those of the United States. The financial information included in the Scheme Document has been prepared in accordance with generally accepted accounting principles of the United Kingdom and thus may not be comparable to financial information of US companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States. Also, the settlement procedure with respect to the Acquisition will be consistent with UK practice, which differs from US domestic tender offer procedures in certain material respects, particularly with regard to date of payment.

This information is provided by RNS
The company news service from the London Stock Exchange

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