Gilde makes recommended public offer for Econosto

On 14 March 2008 KENV Acquisition, an indirectly wholly-owned subsidiary of Gilde Buy-Out Fund III BV and Gilde Buy-Out Fund III CV, has made a recommended public offer for the entire issued and outstanding share capital of engineering products company Econosto at a price of EUR7.25 per share in cash.

The memorandum with all the terms of the offer can be found on Econosto's website. The acceptance period will take place between 17 March and 17 April at 18:00 CET.

The management board fully supports the offer. The offer is subject to the condition that on the acceptance closing date the number of committed shares represent at least 95% of all issued shares.

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