This press release may not be released, published or distributed, directly or indirectly, in or into the United States of America, Australia, Japan, Canada, New Zealand or South Africa.
Lehman Brothers Real Estate Partners, L.P. and related funds and Ratos AB have received merger control clearance from the EU Commission regarding the acquisition of Fastighets AB Tornet.
As a result, the condition to the offer concerning, the necessary competition law approvals, is fulfilled.
As stated in the press release of 25 November 2003, the bidders have decided to provide an opportunity for the remaining shareholders to accept the offer by extending the acceptance period until 15.00 CET on Friday, 5 December 2003.
The bidders expect the offer is declared unconditional no later than 10 December 2003. Cash settlement is expected to occur five business days thereafter on 17 December 2003.
As provided in the offer document, LRT Acquisition reserves the right to waive the conditions of the offer, including the 90% acceptance condition, and thus complete the offer at a lower level of acceptance than 90%.
Stockholm, 2 December 2003
For further information, please contact:
Mark H. Newman, Managing Director
Lehman Brothers Real Estate Partners, L.P.
Telephone number: +44 207 601 00 11
Telephone number: +46 8 700 17 00