Five Mounts Investments joins in bidding for Haslemere

Five Mounts Investments (Five Mounts). - a company within the Beny Steinmetz Group of Companies announced today that it is has joined the consortium led by Brack Capital Real Estate (BCRE) group and including Apollo Real Estate Advisors and Merrill Lynch in its bid for Haslemere N.V.

The bid was made for all of the issued and outstanding shares in Haslemere, valuing the company at approximately Euro 1.46 billion. Reference is made to the offer memorandum in respect of the bid that was made available on 28 March 2002 .

Earlier today B.C.R.E. (Brack Capital Real Estate) B.V. announced that it, in principle, intends to announce this Friday, 3 May 2002, that it will honour the offer for Haslemere if it will have received the clearance by the European Commission by that date.

Mr. Eyal Gutman of BCRE said 'we are excited with the opportunity to cooperate with Five Mounts and Beny Steinmetz on this deal and knowing the capabilities of the Beny Steinmetz Group of Companies, believe this partnership will be extended to other transactions.'

Mr. Peter Blauw, manager of Five Mounts, added 'the bid for the acquisition of Haslemere is a very attractive opportunity for us and is in line with the kind of business for which we are looking globally.'

(source: Brack Capital)

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