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Komplett ASA (OSL:KOM) Canica Invest AS ("Canica Invest") has, in a stock exchange bulletin dated 7 November 2008, disclosed that the company has become owner of a total of 6 708 239 shares in Komplett ASA ("Komplett"), which is equivalent to 40.03 per cent of the shares outstanding. In that connection, Canica Invest has stated that a mandatory bid of NOK 30 per share will be put forward pursuant to the provisions of Norway's Securities Trading Act.
It is disclosed that there have been no negotiations between Canica Invest and Komplett related to the mandatory bid.
The Board of Directors recommends that Komplett's shareholders not sell their shares/accept the mandatory bid before the Board has issued an opinion pursuant to the Norway's Securities Trading Act. As soon as the offer document exists, the Board of Directors will evaluate the bid terms together with the company's financial and legal advisers. Komplett's Board of Directors has hired First Securities ASA as financial adviser and Attorney-at-law Einar J. Greve as legal adviser.
Sandefjord, 10 November 2008
The Board of Directors of Komplett ASA
Questions, if any, may be directed to: Chair of the Board Bengt Thuresson, mobile (+47) 464 32061
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