Helicopters Magazine

Vector Aerospace and Eurocopter extend offer

May 27, 2011  By Carey Fredericks

May 27, 2011, Toronto - Vector Aerospace Corporation, and EADS subsidiary Eurocopter Holding, have announced that the expiry time of the offer by 7762798 Canada Inc. to acquire at a price of C$13.00 in cash per share all of the outstanding Common Shares of Vector Aerospace has been extended until June 30, 2011, to allow the remaining required regulatory approvals to be obtained.

All other terms and conditions of the Offer described in the Offeror’s Offer and Circular dated April 15, 2011 remain the same.

On April 21, 2011, the Offeror received confirmation that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (United States) had expired. On May 9, 2011, the applicable statutory waiting period under the Competition Act (Canada) expired. While the Canadian Competition Bureau’s substantive review of the transactions contemplated by the Offer has not been completed, the Offeror expects that written clearance from the Canadian Commissioner of Competition will be obtained prior to June 30, 2011. On May 19 2011, the Offeror received confirmation of approval by the Committee on Foreign Investment in the United States. On May 20, 2011, the Investment Review Division of Industry Canada advised the Offeror by letter that the initial 45 day review period under the Investment Canada Act has been extended by up to an additional 30 days. The Offeror expects that the remaining regulatory approvals required under the terms of the Offer will be obtained prior to June 30, 2011.

The Offer is now open for acceptance until 2:00 p.m. (Toronto time) on June 30, 2011, but is subject to extension beyond such date. Completion of the Offer is subject to usual and customary conditions including, but not limited to, a minimum of 66 2/3% of the common shares of Vector Aerospace being tendered to the Offer, as well as obtaining all necessary regulatory approvals.

A notice announcing the extension of the Offer will be mailed to Vector Aerospace’s shareholders. The notice will also be available for review on SEDAR at www.sedar.com. Further announcements will be made in the event of a Canada Post mail disruption.



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