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DFDS' OFFER FOR PART OF SCOP SEAFRANCE REJECTED WITHOUT ANY PRIOR CONTACT

SCOP Seafrance rejected the acquisition offer which would have allowed DFDS to operate a third vessel on Dover-Calais route

Following discussions with all stakeholders including the French Minister of Transport, on June 25 2015, DFDS submitted an offer to the administrators of SCOP Seafrance for the acquisition of a part of SCOP Seafrance including 202 staff. This would have allowed DFDS to operate a 3rd vessel between Dover and Calais. DFDS has had no response to this offer and is surprised by the apparent unwillingness of the SCOP Seafance administrators to engage in a dialogue with DFDS. Yesterday night, DFDS was informed by the administrators that this offer was rejected.

DFDS regrets the position taken by the administrators, but remains at the disposal of the Commercial Court of Boulogne to discuss a transfer of parts of the SCOP Seafrance business in order to minimize the social impact of the potential liquidation of SCOP Seafrance.

The rejection of the offer does not affect the agreed bareboat charters between DFDS and the Eurotunnel Group, which will commence on 2 July 2015.

Yesterday night, DFDS was informed by the administrators that this offer was rejected. DFDS regrets the position taken by the administrators, but remains at the disposal of the Commercial Court of Boulogne to discuss a transfer of parts of the SCOP Seafrance business in order to minimize the social impact of the potential liquidation of SCOP Seafrance. The rejection of the offer does not affect the agreed bareboat charters between DFDS and the Eurotunnel Group, which will commence on 2 July 2015.

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Gert Jakobsen

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gert.jakobsen@dfds.com

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