CTV Cng Travel

RNS Number:7530Y
CNG Travel Group plc
21 June 2007


21 June 2007

                             Recommended Cash Offer

                                       by

                     Corporate Travel Holdings, Inc ("CTH")

                                      for

                            CNG Travel Group ("CNG")

                Level of acceptances and extension of the Offer


The Board of CTH announces that by 3.00pm on 20 June 2007 valid acceptances of
the Offer had been received in respect of a total of 25,997,866 Ordinary Shares,
representing approximately 41.2 per cent of CNG's issued and to be issued
ordinary share capital.

This total includes acceptances in respect of 21,280,040 Ordinary Shares
(representing approximately 33.7 per cent of the issued and to be issued
ordinary share capital of CNG) for which CTH had received irrevocable
undertakings to accept the Offer prior to the posting of the Offer Document.

As at the close of business on 20 May 2007 being the last Business Day prior to
the commencement of the Offer Period, the following persons acting in concert
with CTH owned or controlled the following Ordinary Shares/Deferred Shares/
Share Options in CNG.

+----------------+----------------+----------------+-----------------------+
| Holder         | Ordinary Shares| Deferred Shares|          Share Options|
-----------------+----------------+----------------+-----------------------+
|Seamus Ross Jnr |      18,840,258|                |                       |
+----------------+----------------+----------------+-----------------------+
|Michael Smurfit |       2,908,984|                |                       |
+----------------+----------------+----------------+-----------------------+
|PJ King         |         627,644|         960,000|                824,112|
+----------------+----------------+----------------+-----------------------+
|Willie Lynch    |          18,058|                |                 50,000|
+----------------+----------------+----------------+-----------------------+
|Jerald Behrens  |         200,000|                |                 90,000|
+----------------+----------------+----------------+-----------------------+
|David Buda      |         250,000|                |                 90,000|
+----------------+----------------+----------------+-----------------------+
|Barry Liben     |       1,000,000|                |                 90,000|
+----------------+----------------+----------------+-----------------------+
|Paul Hoffman    |         344,080|                |                 30,000|
+----------------+----------------+----------------+-----------------------+


Save as disclosed above, neither CTH nor any person deemed to be acting in
concert with CTH owned or controlled any CNG Shares (or rights over such shares)
immediately before commencement of the Offer Period or during the Offer Period
and neither CTH nor any person deemed to be acting in concert with CTH has
acquired or agreed to acquire CNG Shares (or rights over such shares) during the
Offer Period.


Terms used in this Announcement have the same meaning as those contained in the
Offer Document. Shareholders should note however that the definition of Day 60
should read 29 July rather than 24 July as stated in the Offer Document.


The Offer has been extended and will remain open until 3.00 p.m. on 4 July 2007.


CNG Shareholders who wish to accept the Offer, and who have not done so, should
return their Forms of Acceptance by post to Capita Registrars, PO Box 7117,
Dublin 2, Ireland or by hand during normal business hours only, to Capita
Registrars, Unit 5, Manor Street Business Park, Dublin 7, Ireland as soon as
possible. CNG Shareholders who require assistance with completion of the Form of
Acceptance should contact Capita Registrars by telephone on +353 1 810 2400:


For further information, contact:


CTH

PJ King:           Telephone:   + 1 212 999 5506
                   Mobile:      + 1 646 645 1727

Barry Liben:       Telephone:   + 1 212 944 2121


CNG

Heneghan PR:       Telephone:   + 353 1 660 7395


IBI Corporate Finance

Tom Godfrey        Telephone:   +353 1 637 7800

Brian Farrell      Telephone:   +353 1 637 7800


BGL, a US Investment Bank and member of NASD, is acting exclusively for CTH and
no one else in connection with the Offer and will not be responsible to anyone
other than CTH for providing the protections afforded to clients of BGL or for
providing advice in relation to the Offer, the contents of this Announcement or
any transaction or arrangement referred to herein.


The CTH Responsible Persons accept responsibility for the information contained
in this Announcement. To the best of the knowledge and belief of the CTH
Responsible Persons, who have taken all reasonable care to ensure that such is
the case, the information contained in this Announcement for which they accept
responsibility is in accordance with the facts and, does not omit anything
likely to affect the import of such information.

The availability of the Offer to persons not resident in Ireland or the United
Kingdom may be affected by the laws of the relevant jurisdiction in which they
are resident. Persons who are not resident in Ireland or the United Kingdom
should obtain advice and observe any applicable requirements. Unless otherwise
determined by CTH, the Offer has not been made, directly or indirectly, in, into
or from Australia, Canada, Japan, the United States or any other jurisdiction
where it would be unlawful to do so, or by use of the mails, or by any means or
instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce, or by any facility of a
national securities exchange of Australia, Canada, Japan, the United States or
any other jurisdiction where it would be unlawful to do so. Accordingly, copies
of this Announcement and any related offering documents are not being, and must
not be, mailed or otherwise distributed or sent in, into or from Australia,
Canada, Japan, the United States or any other jurisdiction where it would be
unlawful to do so and persons receiving such documents (including custodians,
nominees and trustees) must not distribute or send them in, into or from
Australia, Canada, Japan, the United States or any other jurisdiction where it
would be unlawful to do so, as doing so may invalidate any purported acceptance
of the Offer by persons in any such jurisdiction.


Any person who is the holder of 1 per cent or more of any class of shares in CNG
may be required to make disclosures pursuant to Rule 8.3 of the Takeover Rules.



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

END
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