GO plc - Increase in shareholding in ForthNet

GO announced on 9 July 2009 that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding through an acquisition of a further 293,550 shares for a total consideration of €537,284 million, equivalent to €1.83 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet has increased to 36.91%.

In recent weeks, Forgendo acquired a total of 3.6 million shares, equivalent to 2.3% of Forthnet’s total issued share capital.

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