CTV Cng Travel

RNS Number:6270Y
CNG Travel Group plc
19 June 2007


                                  Offer Update



19 June 2007

CNG Travel Group plc






                 CNG Travel Group plc ("CNG" or "the Company")

On 22 May 2007, Corporate Travel Holdings, Inc. ('CTH') announced a firm 
intention to make a recommended offer for CNG at 14.5 pence per CNG Share.

On 31 May 2007, the Company announced that it had received indicative proposals 
from two parties (the 'Potential Offerors').  Each of the proposals was at an 
indicative price which would trigger the undertaking by CTH shareholders to 
accept a competing offer of at least 16.5 pence per CNG Share, or increase the 
price payable pursuant to their offer to a level above the competing offer.

On 14 June 2007, CNG announced that, having concluded its review, one of the 
otential Offerors did not intend to make an offer for the Company.

The remaining Potential Offeror has been provided with due diligence material
and access to management. In addition, the Company has endeavoured to respond to
questions raised during the due diligence process. To date, no firm offer has
been received. There can be no certainty that an offer will ultimately be
forthcoming, nor as to the terms on which such an offer might be made.

Consequently, the Independent Directors continue to recommend the offer by CTH,
the closing date for which is 3.00p.m. on 20 June 2007.

The holder of 1% or more of any relevant securities in the Company may have
disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997,
Takeover Rules 2001 to 2006, as applied.

A further announcement will be made in due course.


Ends.


Enquiries:


CNG Travel Group plc              Tel: +353 1 296 3399
Luke Mooney


IBI Corporate Finance Limited     Tel: +353 1 637 7800
Tom Godfrey
Brian Farrell


The Independent Directors of CNG accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
Independent Directors (who have taken all reasonable care to ensure that such is
the case) the information contained in this announcement is in accordance with
the facts and does not omit anything likely to affect the import of such
information.

IBI Corporate Finance Limited, a subsidiary of The Governor and Company of the
Bank of Ireland (which is regulated by the Financial Regulator), is acting for
CNG and no-one else in relation to the matters described in this announcement
and will not be responsible to anyone other than CNG for providing the
protections afforded to clients of IBI Corporate Finance Limited nor for
providing advice in relation to the matters described in this announcement.




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

END
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