Indicative Offer Timetable

1. Indicative Offer Timetable Post Offer Document First Closing Date First date on which Target shareholders who have accepted the Offer may withdraw acceptance provided the offer is not yet unconditional as to acceptances (assuming first closing date is Day 21) Announcement of firm offer Last date for offer to be declared unconditional as to acceptances, ie Offer will lapse if acceptances sufficient to give Offeror voting control have not been received Last date for fulfilment of any other conditions of the Offer (assuming Offer became unconditional as to acceptances on Day 60) First posting of consideration (14 days after Offer becomes wholly unconditionalor date of receiptof acceptance) Max 28 days Earliest date on which the offer can be closed Press release announcing firm intention to make offer The offer document is sent to Target’s Shareholders (andpersons with informationrights) and madeavailable to employeerepresentatives. Pressrelease announcing offerdocument has beenpublished on a website Announcement of acceptance levels Max 21 days Max 14 days Min 21 days Min 21 days Day 42 Day 60 Day 14 Day 39 Day 81 Day 0 Day 46 Day 95 Day 21 thereafter Min 14 days Max 28 days* Procedure for compulsory acquisition of remaining minority implemented provided 90% thresholds are reached Announcement of possible offer in the event of significant share price movement.Potential Offerorsidentified inannouncement Last date for dispatch of first defence document HB Last date for release of material new information by Target HB Last date for revising Offer HB HB: Normally only relevant for hostile bids * To announce firm offer or that will not proceed with offer unless extension agreed or other exceptions apply