GO plc - Fothnet Rights Issue

GO plc announced on 14 July that all shareholders of Forthnet, in which GO and Emirates International Telecommunications Malta Ltd (“EITM”) have a strategic shareholding through their joint venture Company Forgendo Limited (“Forgendo”), as at the 11 July 2008 will be eligible to participate in a Rights Issue. The shareholders will be able to subscribe to 3 shares for every existing share at a price of €2.57 per share.

After participating in the Rights Issue, the average cost per share held in Forthnet will be €4.50 or lower depending on the amount acquired through the Oversubscription Rights.

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