Punch Reaches Agreement with Bencis on the Transfer of Shareholding in Xeikon

If the transaction materializes, and if and when the shares are being transferred, in accordance with Dutch legislation a public bid for the freely traded Xeikon shares will be made, at a price of EUR 5.85 per share. Moreover, after the end of the application period, it is the goal to launch a squeeze out on the remaining Xeikon shares, if possible.

Punch's position