Regulatory News Item

2009/09/17
REG-Westcity PLC Correction to Irrevocable
<pre>http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20090917:RnsQ2463Z . RNS Number : 2463Z Westcity PLC 17 September 2009 17 September 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. Further to the announcement on 16 September 2009, in accordance with Rule 2.5 of the City Code, of Westcity Plc (the "Company") regarding the proposed delisting of the Company by way of a recommended proposal for the acquisition of the Company by Berkshire Bidco Limited ("Berkshire") or by way of a special resolution of the members of the Company (the "2.5 Announcement"), the Company and Berkshire would like to state that the irrevocable undertaking received from BBHISL Nominees Limited ("BBHISL") was to elect for the Unlisted Share Alternative in respect of 4,155,306 shares. The 2.5 Announcement was incorrect in stating that BBHISL had not elected for the Unlisted Share Alternative and so was, by default, accepting the Cash Offer. Having regard to this correction, to date Berkshire and the Company have received irrevocable undertakings from Shareholders (including Chapman but excluding the Directors) to elect for the Unlisted Share Alternative in respect of 31,363,963 Westcity Shares, representing approximately 42.21 per cent. of the existing issued share capital of Westcity. Enquiries: WESTCITY Michael Tannenbaum (Company Secretary) Tel:+44 (0)207424 6711 KBC PEEL HUNT (Financial adviser and broker to Westcity) Tel:+44 (0)207418 8900 Alex Vaughan (Corporate Finance) Tel:+44 (0)20 7418 8900 Richard Kauffer (Corporate Finance) BERKSHIRE Ira Rapp (Director) Tel:+44 (0)207424 6714 HORWATH CLARK WHITEHILL (Financial adviser to Berkshire) Tel:+44 (0)20 7842 7100 Nicola Horton (Corporate Finance Partner) KBC Peel Hunt, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Westcity and no one else in connection with the Acquisition Proposal and will not be responsible to anyone other than Westcity for providing the protections afforded to clients of KBC Peel Hunt nor for providing advice in relation to the Acquisition Proposal or the content of, or any other matter or arrangement described or referred to in, this announcement. Horwath Clark Whitehill, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Berkshire and no one else in connection with the Acquisition Proposal and will not be responsible to anyone other than Berkshire for providing the protections afforded to clients of Horwath Clark Whitehill nor for providing advice in relation to the Acquisition Proposal or the content of, or any other matter or arrangement described or referred to in, this announcement. This information is provided by RNS The company news service from the London Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange END OUPZGGMLFNRGLZM </pre>