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Yinson Holdings Berhad Extends Acceptance Period for Voluntary Offer for Fred Olsen Production ASA's Shares; Updates on Progress of Voluntary Offer

Monday, 19 Aug 2013 09:08am EDT 

Yinson Holdings Berhad announced that it has extended the period within which its voluntary offer for Fred Olsen Production ASA's shares can be accepted (the "Acceptance Period"). The Acceptance Period, as extended, will expire at 18:00 hours (CET) on September 2, 2013 (subject to further extension(s) on the terms and conditions on the Offer). This extension of the Acceptance Period has been approved by Oslo Bors in its capacity of being the Take-Over Authority of Norway. The other terms and conditions of the Offer will remain unchanged and as set out in the Offer Document. As of the date hereof, the Offeror has received acceptances for a total of 89,408,855 Shares (including the pre-acceptance by First Olsen Ltd), equalling 84.4% of the outstanding Shares in FOP. Completion of the Offer is subject to the fulfilment or waiver by the Offeror of the conditions to completion set out in the Offer Document. The Offeror expects that the conditions to completion of the Offer will be met or waived, as applicable, no later than September 5, 2013. 

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