News: IOF Investa Office Grants Oxford Properties Group Access To Due Diligence

Sept 18 (Reuters) - Investa Office Fund (IOF) :

• OXFORD PROPERTIES GROUP GRANTED ACCESS TO DUE DILIGENCE
• AGREED THAT IT WILL NOT RESTRICT OR AGREE TO RESTRICT OXFORD'S ACCESS TO DUE DILIGENCE INFORMATION FOR A PERIOD OF FOUR WEEKS
• OXFORD ENTERED INTO A CONFIDENTIALITY DEED UNDER WHICH OXFORD WILL BE GRANTED ACCESS TO DUE DILIGENCE IN RELATION TO IOF
• ILFML CONTINUES TO RECOMMEND THAT UNITHOLDERS TAKE NO ACTION
• ILFML DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
• OXFORD HAS AGREED TO STANDARD NO-POACH RESTRICTIONS OF DIRECTORS AND SENIOR EMPLOYEES OF ILFML AND ITS RELATED ENTITIES
• OXFORD AGREED NOT TO ACQUIRE FURTHER IOF SECURITIES NOR ENTER INTO EXCLUSIVITY ARRANGEMENTS
• STANDSTILL RESTRICTIONS DO NOT RESTRICT OXFORD FROM MAKING A TAKEOVER BID FOR ALL IOF SECURITIES AT A CASH PRICE OF NOT LESS THAN $5.60/UNIT
• OXFORD AGREED NOT TO ENTER BINDING ARRANGEMENTS TO FORM CONSORTIUM OR DISCUSS IOF'S CONFIDENTIAL INFORMATION WITHOUT PRIOR CONSENT