TLRC Offer Closed - June 2009

TLRC Offer Closed - June 2009

5:19pm 12th October 2009

Further to the announcement made on 5 June 2009, the Board of UKRD Group Limited announces that the Second Revised Offer for the entire issued and to be issued share capital of The Local Radio Company PLC closed at 1:00pm on Friday 19 June 2009.

The UKRD Board is pleased to announce that, as at 1.00 p.m. on 19 June 2009, valid acceptances of the Second Revised Offer have been received in respect of a total of 31,020,629 Local Radio Shares, representing approximately 43.08 per cent. of the existing issued share capital of Local Radio.

UKRD owns 15,234,456 Local Radio Shares, representing approximately 21.16 per cent. of the existing issued share capital of Local Radio. These Local Radio Shares when taken together with acceptances of the Second Revised Offer give an aggregate total number of 46,255,085 Local Radio Shares, representing approximately 64.24 per cent. of the existing issued share capital of Local Radio.

Following this, the two largest shareholders in Local Radio are UKRD which own 64.24 per cent. of the issued share capital of Local Radio and Hallwood Financial Limited owning 28.55 per cent. of the issued share capital of Local Radio.

For further information, please contact:

Charles Stanley Securities (Financial Adviser to UKRD) 020 7149 6000
Rick Thompson
Philip Davies
Carl Holmes

Charles Stanley Securities, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for UKRD and no one else in connection with the Second Revised Offer and will not be responsible to anyone other than UKRD for providing the protections afforded to its clients or for providing advice in relation to the Second Revised Offer, the contents of the Second Revised Offer Document or this announcement or any transaction or arrangement or other matter referred to herein.

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