euro adhoc: Implenia AG / other / Implenia´s Board of Directors rejects Laxey´s purchase offer

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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Company Information

02.11.2007

D i e t l i k o n, 2 November 2007 - The Board of Directors of
Implenia AG is aware of the preliminary notification published this
morning of a public offer to acquire the entire share capital of
Implenia AG. Its position on this matter is as follows:

The price offered to shareholders of CHF 33.23 per share is
significantly lower than the market price prior to the publication of
the acquisition offer, and it does not reflect the current value nor
the potential of the company in any way. The Board of Directors
believes that this is not a serious offer and designed to allow Laxey
to increase its shareholding without having to submit an adequate
offer to the shareholders. This behavior is consistent with Laxey´s
strategy so far. Laxey has built up its stake in Implenia in apparent
breach of the relevant stock exchange regulations and has tried
several times to force the Board to register the shares it has
secretly acquired.

The Board of Directors therefore regards the takeover offer as unfair
and rejects it as not being in the interests of the shareholders or
the company. The Board also continues to refuse to register the
shares held by Laxey beyond the stake of 4.9% that is already
registered. This is because it believes that, based on the relevant
legislation (Lex Koller), registering the additional shares would
destroy value that has been created and threaten or impede Implenia´s
further development. This is particularly the case since Laxey has
never been transparent about its intentions with regard to Implenia.

The Board of Directors will review the validity of Laxey´s offer and
make a formal response within the legally required deadline. It
recommends that in the meantime Implenia´s shareholders do not accept
Laxey´s offer and do not sell their shares.

end of announcement euro adhoc 02.11.2007 17:41:11
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ots Originaltext: Implenia AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Aloys Hirzel
Hirzel. Neef. Schmid. Counselors
Phone +41 43 344 42 42
Fax +41 43 344 42 40
Email aloys.hirzel@konsulenten.ch

Branche: Building materials
ISIN: CH0023868554
WKN: 2386855
Index: SPI, SSCI, SPIEX
Börsen: SWX Swiss Exchange / official market