REG - Ontario Teachers PPBNorthumbrianWaterGrp - Statement re: Northumbrian Water Group plc

Released: 19/02/2010
 
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RNS Number : 4436H
Ontario Teachers Pension Plan Board
19 February 2010 
 
Ontario Teachers' Pension Plan Board 
 
Statement re: Northumbrian Water Group plc 
 
Further to the recent press reports regarding Northumbrian Water Group plc ("Northumbrian Water"), Ontario Teachers'
Pension Plan Board announces that it does not intend to make an offer to acquire the entire issued share capital of
Northumbrian Water. Ontario Teachers' Pension Plan Board continues to hold approximately 26.7 per cent. of the issued share
capital of Northumbrian Water. 
 
For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"), Ontario Teachers' Pension Plan Board
reserves the right to announce or participate in an offer or possible offer for the shares in Northumbrian Water (which it
does not already own) and/or to take any other action which would otherwise be restricted under Rule 2.8 of the Code within
6 months of the date of this announcement: (i) with the agreement or recommendation of the board of directors of
Northumbrian Water; or (ii) following an announcement of an offer by or on behalf of a third party for Northumbrian Water;
or (iii) following an announcement by or on behalf of Northumbrian Water of a "whitewash" proposal or a reverse takeover
(in each case as defined in the Code); or (iv) with the consent of the Panel, if there is a material change of
circumstances. 
 
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