News: ICQ Icar Asia Announces Revised Non-Binding Acquisition Proposal From Carsome

Oct 1 (Reuters) - Icar Asia Ltd (ICQ) :

• REVISED NON-BINDING ACQUISITION PROPOSAL FROM CARSOME
• CARSOME HAS REVISED ITS OFFER PRICE TO BETWEEN A$0.53 AND A$0.54 IN CASH PER SHARE
• FINAL PRICE TO BE AGREED BY PARTIES IN PARALLEL WITH FINALISATION AND AGREEMENT OF TERMS
• PARTIES HAVE AGREED TO EXTEND EXCLUSIVITY PERIOD UNDER PROCESS DEED TO 30 OCT
• SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION