ELIA
Identification
Operation
Initial reference price: will be the subscription price that will be published in the financial press on 18 June 2005. Thresholds of listing: As provided in the ETA Nr 2004-433 dated 20 September 2002, the static price range will be set at +/-20% around the reference price. If the price is outside the static price range the stock will be reserved during 15 minutes. The new reference price used will be the treshold (up or down) reached previously. The static price range will be set at +/- 10% of this new reference price. This procedure will be repeated until an opening price will be established. At the opening of the security, the opening price will be the new reference price with a static price range of +/-10% and a dynamic price range of +/-5%. Usual trading rules in term of thresholds and of reservation period will be applied. When Issued: according to the terms of the offering described in the prospectus, investors have to be aware that the offered shares must be delivered on 23 June 2005. Euronext Brussels has indicated that it will cancel all transactions realized on the regulated market Eurolist by Euronext Brussels if the offered shares are not delivered on 23 June 2005. The attention of the public is drawn upon the fact that, from the first listing of the shares on the regulated market Eurolist by Euronext Brussels and until 23 June 2005, it has to take into account the eventuality as described above for every operation that it intends to realise through Euronext or over the counter.
Listing on the continuous market - Group A1 - Compartment A
A maximum of EUR 150 million new shares with VVPR-strips, qualifying for dividend as from 01.01.2005, that have been offered in public subscription as from 9 June 2005 till 20 June 2005, but earlier closed on 15 June 2005 at 4 PM.
These shares will be mentioned in the price list under the name Elia with the mention WI until 23 June 2005 included (When Issued: cf infra).
41,979,640 existing shares of the company Elia System Operators, of wich a maximum of 16,791,856 shares have been offered for sale as from 9 June 2005 till 20 June 2005, but earlier closed on 15 June 2005 at 4 PM.
On a later to be determinated date: a maximum of EUR 5,700,000 new shares with VVPR-strips offered to the employees of Elia System Operator, Elia Asset and Bell Engineering.
N.B.: Until delivery of the physical shares, the settlement will only take place in a book-entry form through CIK (Transfer between accounts).
The VVPR-strips will be listed on the “Single Fixing” - group B9.
Euronext Brussels announces that the first quotation of the shares Elia will exceptionally take place at 10.00 am(instead of 12.00 am).
Pre-opening: from 7.15 am until 10.00 am.