O Twelve Estates Limited("O Twelve" or the "Company")

Cancellation of trading on AIM

28 June 2012

O Twelve notes the announcement made by VIII Investment UK S.à. r.l. ("VIII Investment") at 5.07 p.m. on 27 June 2012 regarding a recommended unconditional cash offer for O Twelve ("Offer") and the subsequent intention by VIII Investment to de-list O Twelve's ordinary shares ("O Twelve Shares") from trading on AIM.

O Twelve Shareholders should note that there is no requirement to hold a general meeting of O Twelve to approve the proposed cancellation of trading in O Twelve Shares on AIM, the Offer is unconditional and, as such, there is no acceptance condition to the Offer.

In accordance with Rule 41 of the AIM Rules, O Twelve has notified the London Stock Exchange of the proposed cancellation. O Twelve today announces that its admission to trading on AIM will be cancelled with effect from 7.00 a.m. on 27 July 2012 (the "Cancellation") being no earlier than 20 business days following this notification.

In addition, O Twelve announces that the offer document will be posted today to shareholders of O Twelve and will be uploaded shortly to the Company's websitewww.otwelveestates.com/irhome .

O Twelve Shareholders should also note that any transaction in O Twelve Shares undertaken after the cancellation of trading in O Twelve Shares on AIM will only be capable of being undertaken by private sale. Once O Twelve's admission to trading on AIM has been cancelled, there is no intention to provide a facility to enable the O Twelve Shares to be traded on any public share trading platform or to list the O Twelve Shares on an alternative stock exchange. The de-listing and cancellation of trading of O Twelve Shares will significantly reduce the liquidity and marketability of any O Twelve Shares not acquired by VIII Investment. Accordingly, O Twelve Shareholders who do not accept the Offer are likely to be minority shareholders in a company whose shares will not be listed on AIM or any other market and will thus have significantly reduced liquidity and marketability. The Independent Directors urge O Twelve Shareholders to accept the Offer.

Unless otherwise stated, all capitalised definitions in this announcement bear the same meaning as those in the offer document published by VIII Investment on 28 June 2012

For further information, please contact:

Phil Rhodes, Chairman

O Twelve Estates Limited

Tel: +44 (0)20 7016 0050

Simon Bennett / Katy Birkin

Fairfax I.S. PLC

Tel: +44 (0)20 7598 5368

Dido Laurimore / Stephanie Highett / Will Henderson

FTI Consulting

Tel: +44 (0)20 7831 3113


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