REG - Eldridge Industries National World PLC - Rule 2.8 Announcement

National WorldAnnouncement

15/05/2025 16:45

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RNS Number : 8975I  Eldridge Industries LLC  15 May 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE

15 May 2025

Eldridge Media Holdings, LLC ("EMH")

Statement regarding National World plc ("National World")

Further to the announcement made on 28 March 2025 by National World regarding
a possible offer for National World by EMH, EMH confirms that, following
careful consideration, it does not intend to make an offer for National
World.  As a result, EMH and any person(s) acting in concert with it will be
bound by the restrictions contained in Rule 2.8 of the Code.

Under Note 2 on Rule 2.8 of the Code, EMH and any person(s) acting in concert
with it reserve the right to set the restrictions in Rule 2.8 of the Code
aside in the following circumstances:

a)   in the event that the offer by Neo Media Publishing Limited is
withdrawn or lapses, with the agreement of the board of directors of National
World;

b)   following the announcement by or on behalf of a third party of a firm
intention to make an offer for National World;

c)   if National World announces a Rule 9 waiver proposal (as described in
Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse
takeover (as defined in the Code); or

d)   where the Takeover Panel has determined that there has been a material
change of circumstances.

Important Notice

This announcement is provided for information purposes only. It is not
intended to, and does not, constitute or form part of any offer, invitation or
the solicitation of an offer to purchase, otherwise acquire, subscribe for,
sell or otherwise dispose of any securities, whether pursuant to this
announcement or otherwise.

Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of
the UK version of the Market Abuse Regulation (EU) No 596/2014 as it forms
part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this inside information will be considered
to be in the public domain.

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