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New Lake Direct Investments declares the offer for Delft Instruments unconditionalDelft, 10 May 2004.With reference to the public announcements of 1 March 2004, 24 March 2004, 29 March 2004, 25 April 2004 and 3 May 2004 and the offer memorandum of 30 March 2004 (the "Offer Memorandum") New Lake Direct Investments B.V. (the "Offeror") and Delft Instruments N.V. ("Delft Instruments") announce that the Offeror declares the public offer (the "Offer") for all outstanding (depository receipts of) ordinary shares of Delft Instruments (the "Shares") unconditional. Per the closing of the tender period, 3 May 2004 at 15:00 hours, Amsterdam time, 8,537,424 Shares have been tendered under the Offer, representing 98.21 % of the outstanding share capital of Delft Instruments. Settlement With reference to the Offer Memorandum, the Offeror will pay an amount of EUR 17.10 in cash for each tendered and transferred Share (the "Offer Price"). This corresponds with the offer price cum dividend of EUR 17.50, less the dividend for the financial year 2003 of EUR 0.40, which was approved by the annual meeting of shareholders. The dividend for the financial year 2003 was paid on 3 May 2004. Post-acceptance and delisting The Offeror grants holders of Shares who have not yet tendered their Shares under the Offer, the opportunity to post-tender their Shares. The post-acceptance period commences at 09:00 hours, Amsterdam time, on 11 May 2004 and expires at 15:00 hours, Amsterdam time, on 31 May 2004. Holders of Shares can tender their shares in the same manner and subject to the same conditions as described in the Offer Memorandum. The Offeror expects to make an announcement regarding the number of Shares held by The Offeror per the last day of the post-acceptance period no later than 7 June 2004. Payment of the Offer Price for Shares that have been tendered and transferred during the post-acceptance period will take place on 7 June 2004. At the request of De1ft Instruments and Stichting Administratiekantoor Delft Instruments, Euronext Amsterdam N.V. ("Euronext Amsterdam") has approved a delisting of the Shares held as depository receipts from Euronext Amsterdam per 1 June 2004. Therefore the last trading day will be 31 May 2004. Profile of Delft Instruments Delft Instruments is the holding company of an international group of companies which hold a leading position in their respective markets with high-quality, high-technology products and services. The Delft Instruments' companies develop, produce, sell and service advanced (precision) hardware and software for medical and industrial customers. Medical applications include radiation treatment for cancer, X-ray and ultrasound diagnostics and digital archiving of X-ray in1ages. Industrial applications include control and management of the storage and transport of oil and gas products. Delft Instruments develops customer-specific total solutions, integrating software, hardware, maintenance and service. Delft Instruments employs some 1,200 people, is listed on Euronext Amsterdam and is included in the NextEconomy segment. The company reported a net profit of EUR 10.4 million on turnover of EUR 237 million in 2003.
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