QPR Holdings - Offer Update

-

QPR Holdings Limited - Offer Update
QPR Holdings Limited

02 November 2007


Recommended Offer
by Sarita Capital Investment Inc. ('Sarita Capital')
for QPR Holdings Limited ('QPR')


Offer Update and Offer Closed

Further to the Recommended Offer made on 27 September 2007 by Sarita Capital to
acquire the entire issued share capital of QPR and the announcement on 19
October 2007 that all conditions relating to the Offer had been satisfied or
waived and that the Offer had been declared wholly unconditional, Sarita Capital
announces that the Offer closed at 1.00 pm (London time) on 1 November 2007 and
is no longer available for acceptance.

As at 1:00pm on 1 November 2007 valid acceptances of the Offer had been received
in respect of a total of 49,613,819 QPR Shares, representing approximately 49.61
per cent. of the issued share capital of QPR.

The Sarita Concert Party also beneficially owns 19,900,000 QPR Shares
representing 19.9 per cent. of the issued share capital of QPR.

Accordingly, as at 1.00 p.m. (London time) on 1 November 2007, the Sarita
Concert Party held and had received valid acceptances of the Offer in respect of
an aggregate of 69,513,819 QPR Shares, representing approximately 69.51 per
cent. of the issued share capital of QPR.

Terms herein have the same meaning as in the Offer Document dated 27 September
2007, save where the context requires otherwise.


Enquiries:

Charles Stanley Securities Telephone: +44 (0) 20 7149 6000
(Financial adviser to Sarita Capital)
Russell Cook
Henry Fitzgerald-O'Connor

QPR Holdings Limited Telephone: +44 (0) 20 8740 2500
Gianni Paladini

Blomfield Corporate Finance Limited
(formerly ARM Corporate Finance Limited)
(Financial adviser to QPR)
Alan MacKenzie Telephone: +44 (0) 20 7512 0191
Ben Jeynes


This information is provided by RNS
The company news service from the London Stock Exchange
END

HEmscott