News: IOF Investa Office Fund Says Blackstone To Increase Bid

Sept 6 (Reuters) - Investa Office Fund (IOF) :

• CONDITIONAL PRICE INCREASE UNDER BLACKSTONE PROPOSAL
• BLACKSTONE IS PREPARED TO INCREASE CONSIDERATION PAYABLE PER IOF UNIT UNDER SCHEME FROM $5.3485 TO $5.52 PER IOF UNIT
• ILFML BOARD INTENDS TO WORK WITH BLACKSTONE TO GIVE EFFECT TO PRICE INCREASE
• UNITHOLDERS ARE ADVISED TO TAKE NO ACTION AT THIS POINT IN TIME
• DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE SCHEME IN ABSENCE OF SUPERIOR PROPOSAL
• ILFML INTENDS TO SEEK JUDICIAL ADVICE THAT IT IS JUSTIFIED IN RESUMING ADJOURNED MEETING