FIMBank plc - Update to maintain a fair market

On 17 June 2011 FIMBank plc announced that with reference to the Exchange Offer which FIM Holdings plc (the Offeror) is making to shareholders of FIMBank plc pursuant to the Prospectus dated 6 April 2011, in accordance with the provisions of Part E, Annex 1, condition 3 (c) of the Prospectus, the Offeror is exercising the Extension Option and extending the Closing date of the Offer from 22 June 2011 to 22 July 2011.

FIMBank plc explained that the effects of this extension shall be as follows:
a) The Offer Closing Date will be 22 July 2011;
b) The Offer Period will now run from 22 April 2011 to 22 July 2011;
c) The Exchange Date will now be 1 August 2011
d) The Subject Period will now run from 30 March 2011 to 11pm on Friday 29 July 2011 (the Business Day prior to the Exchange Date)

FIMBank plc explained that the Offeror has decided to exercise its Extension Option in order to satisfy the requirements set out in condition 1 (a) of Annex 1 of the Prospectus, namely, to allow acceptances of at least 80% in aggregate nominal value of FIMBank plc’s shares to be received.