Europeinvestment A/S (formerly Live Networks Holding A/S) CVR nr. 10435013 c/o Inwema ApS Kongevejen 53, 2840 Holte Phone 0046 8 545 00140 Notification 2007-07-24 Re: Europe Vision Plc annual report and update regarding investment possibilities Europe Vision Plc´s Annual report Europe Vision Plc, of which Europeinvestment A/S owns 34,661,750 shares of 139,087,997, corresponding to 24.92 % of the total share capital, has today published the annual report for 2006. Trading of Europe Vision Plc shares on AIM was temporarily suspended from 29 July, 2007 15:00 CET pending publication of the company's annual report and accounts. The suspension was lifted from 24 July, 2007 14:00 CET the company's annual report and account having been published. The notification and the annual report from Europe Vision Plc has not changed the opinion of the board of Europeinvestment A/S regarding its view as to realistic net proceeds in con-nection with Europeinvestment A/S's sale of its shares in Europe Vision Plc. Investment possibilities - status In notification of 16 May, 2007 the board of Europeinvestment A/S announced that the com-pany through an agreement with Europe Vision Plc had had the possibility to proceed with a number of investment possibilities. Europeinvestment A/S has now examined these investment possibilities and shall hereby give the status of four of these so far. Chain of cinemas As mentioned in the notification of 16 May, 2007 it was one of the investment possibilities to buy a profit-yielding chain of cinemas as going concern. Subsequently, a due diligence of this investment possibility has been carried out and there have been negotiations between the parties. However, for the time being the board of Europeinvestment A/S has given up this invest-ment possibility due to circumstances demonstrated during the due diligence, which caused Europeinvestment to demand a reduction of the price. The seller would not accept this re-duction which is why the seller has chosen to negotiate further with another possible buyer. TV-channel with Elite Model Group The other investment possibility is to start a tv-channel with Elite Model Group. At present further information regarding this investment possibility is awaited, and the Board of Europeinvestment A/S is positive towards further negotiations. Based on this it is expected that a contract can be entered into as soon as possible after re-ceipt of the above information, which is expected to take place at the end of August or at the beginning of September. Airlines Company The third investment possibility is a minor airlines company in Great Britain which is in a start-up phase. At present, negotiations are taking place, and the Board expects that a contract will be en-tered into during the month of July. dk4 The Danish tv-channel dk4 is the fourth and last investment possibility which is part of the first investment round. Aladdin Investment Services Ltd has informed of the conditions of a possible takeover of the dk4 group. It will be offered at DKK 13,000,000.00 in cash. The board is considering this offer and, on the basis hereof, is in the process of obtaining an independent valuation of the dk4 group. As mentioned in the notification of 16 May, 2007 the board of Europeinvestment A/S takes the necessary precautions in order not to pay an overprice for the dk4 group as Aladdin In-vestment Services Ltd. is also a major shareholder in Europeinvestment A/S and ultimately is controlled by the Khatib family. Castro Khatib is the managing director of Europeinvest-ment A/S. The necessary precautions are as follows: • The board negotiates the transaction without including Castro Khatib in its decisions and negotiations. • The board institutes an independent valuation of the dk4 group. • The board has arranged with Aladdin Investment Services Ltd, that any agreement will be entered into on the condition of the approval of the shareholders, and that Aladdin Investment Services Ltd. will refrain from voting on this transaction at the general meeting. Any questions can be directed to managing director Castro Khatib on phone: 0046 8 545 00140. Europeinvestment A/S
Europe Vision Plc annual report and update regarding investment possibilities
| Source: Europeinvestment A/S