GO plc - Increase in shareholding in Forthnet

GO announced on 30 March 2010 that Forgendo Limited (the joint venture company between GO and Emirates International Telecommunications) increased its shareholding in Forthnet S.A. through an acquisition of a further 4,316,931 shares for a total consideration of €4.7 million, equivalent to €1.08 per share. Following this additional purchase, Forgendo’s equity stake in Forthnet has increased to 39.9%.

During 2009, Forgendo acquired a total of 3,884,875 million shares, equivalent to 2.5% of Forthnet’s total issued share capital.

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