OREANDA-NEWS. May 12, 2011. The offered obligatory Offer of SAT & Company to purchase the entire authorized shareholders' capital of ShalkiyaZinc N.V., which does not yet belong to SAT & Company, reported the press-centre of KASE.

CLOSING OF OFFER

Information

On February 11, 2011 SAT & Company (SAT) made a recommended obligatory offer to purchase the entire authorized shareholders' capital of ShalkiyaZinc N.V. ("ShalkiyaZinc") except for shares which already belong to SAT at an offer price of USD2.023 in cash for each share of ShalkiyaZinc or USD0.2023 in cash for a DR of ShalkiyaZinc ("Offer"). Words which are defined in this announcement have the same meaning as in the Offer's document published on February 11, 2011  ("Offer Document").

Levels of acceptance

As of 1.00 pm (London time) on April 28, 2011 SAT received actual Offer acceptances with regard to 875,558 shares of ShalkiyaZinc (represented by 8,755,580 DR of ShalkiyaZinc, received by Tender Agent from holders of DR of ShalkiyaZinc with regard to Offer), representing about 2.9 percent of the authorized shareholders' capital of ShalkiyaZinc and around 60.7 percent of shares of ShalkiyaZinc related to the Offer (except for 4,206,664 shares of ShalkiyaZinc, which are subject to irrevocable commitments not to accept the Offer as indicated below).

After releasing the Offer on February 12, 2011, SAT possessed 24,715,769 shares of ShalkiyaZinc, representing around 81.4 % of the authorized shareholders' capital of ShalkiyaZinc.

Accordingly, as of 1.00 pm (London time) on April 28, 2011 the amount of sharesof ShalkiyaZinc, which are in (i) SAT possession or (ii) actual Offer acceptance in which made up 25,591,327 shares of ShalkiyaZinc, representing in total around 84.3 percent of the authorized shareholders' capital of ShalkiyaZinc.