March 15 (Reuters) - McAleese Ltd (MCS) : Says it is expected...

March 15 (Reuters) - McAleese Ltd (MCS) :

• Says it is expected that there would be an agreement between the successful

  party and the company

• Says there remains no certainty that the strategic process will yield an

  outcome

• If strategic process is successfully concluded, it is expected that company's

  financiers would agree to sell their debt to successful party"

• Says effect of the proposals on McAleese group's shareholders remains

  uncertain

• Agreement to reduce the amount of the debt by way of compromise, with the

  revised debt to be on new terms agreed with the company

• Enterprise valuations attributed to company by each proposal are materially

  below that implied by its current market capitalisation"

• Voluntary suspension is expected to remain in place for an additional period

  of up to two weeks while this matter is progressed

• Is actively progressing discussions with multiple parties with a view to

  finalising a recapitalisation proposal