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Nippon Sheet Glass Confirm Takeover Bid for Pilkington

Nov 3 2005

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On 31st October 2005, Pilkington announced that a preliminary approach had been made which might or might not lead to an offer being made for the Company.

Nippon Sheet Glass Co., Ltd. (“NSG”) subsequently confirmed that it had made the approach.

The conditional proposal by NSG is for an offer in cash at 150p per ordinary share inclusive of the interim dividend. The Board has now informed NSG that its proposed offer falls materially short of a price which the Board is prepared to recommend.

Note 7 of Rule 2.4 of the City Code on Takeovers and Mergers requires the Company to point out that this statement is being made by the Company without prior agreement with the potential offeror and that there can therefore be no certainty whether an offer will be made nor as to the terms on which any offer might be made.

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