MSN Monsoon

RNS Number:2007G
Monsoon PLC
23 October 2007


                                  Monsoon plc
                                (the "Company")

            Recommended Proposals for the acquisition of Monsoon plc

                                       by

                               Drillgreat Limited

                           Posting of Scheme Circular
                                      and
                           Cancellation of Admission

Vinod Dhawan, the Independent Director of Monsoon plc ("Monsoon") announces that
on 22 October 2007 the High Court of Justice of England and Wales (the "Court")
made an Order, in connection with the proposed scheme of arrangement pursuant to
Section 425 of the Companies Act 1985 between Monsoon and its shareholders (the
"Scheme"), that Monsoon may convene a Court Meeting for 11.00 a.m. on 16
November 2007 of the Independent Scheme Shareholders of Monsoon for the purpose
of considering, and if thought fit, approving the Scheme. An extraordinary
general meeting ("EGM") of Monsoon has been convened for 11.15 a.m. on the same
day (or as soon thereafter as the Court Meeting has concluded or been
adjourned).

Any capitalised term used but not defined in this announcement is as defined in
the Scheme Document (as defined below).

Posting of Scheme Document

The Scheme circular containing, inter alia, the terms of the Scheme, an
Explanatory Statement (pursuant to Section 426 of the Companies Act 1985),
notices of the required meetings, a timetable of principal events, and details
of the action to be taken by Monsoon Shareholders is today being posted to all
Monsoon Shareholders (the "Scheme Document").

Court Meeting and EGM

As described in the Scheme Document, the Scheme will require the approval of the
Independent Scheme Shareholders of Monsoon at the Court Meeting, and the passing
of a special resolution at the EGM of Monsoon. The Scheme and associated Capital
Reduction will also require the subsequent sanction and (as the case may be)
confirmation of the Court.

Both meetings will be held at the offices of Monsoon plc, Monsoon Building, 179
Harrow Road, London, W2 6NB. Copies of (amongst other documents) the Scheme
Document are available (during normal business house) for inspection at the
offices of Norton Rose LLP, 3 More London Riverside, London SE1 2AQ until the
end of the Offer Period. In addition a copy of the Scheme Document will be
available on the Company's website at http://www.monsoon.co.uk/page/
investorrelations

Suspension of trading and Cancellation of Admission

Application has been made to the London Stock Exchange for the suspension of
trading in Monsoon Shares at 7.00am on 7 December 2007 and therefore the last
day of dealings in Monsoon Shares will be 6 December 2007, being the day
immediately prior to the Initial Hearing Date whereupon the Family Scheme Shares
and the Non-Family Scheme Shares will be reclassified into 'A' and 'B' Shares,
respectively, in accordance with the Proposals.

The Company wishes to notify that application has also been made to the London
Stock Exchange for the cancellation of admission to trading on AIM of the
Monsoon Shares conditional upon the Scheme being sanctioned by the Court and
becoming effective on the Effective Date. The notice period of not less than 20
business days prior to cancellation referred to in Rule 41 of the AIM Rules has
commenced today. It is anticipated that cancellation of admission to trading
will take effect at 7.00am on 13 December 2007.

Expected Timetable of Principal Events

Latest time for lodging Forms of          11.00 a.m. on 14 November 2007*
Proxy for Court Meeting (blue form):
Latest time for lodging Forms of           11.15 a.m. on 14 November 2007
Proxy for EGM (pink form):
Voting Record Time:                         6.00 p.m. on 14 November 2007
Court Meeting:                             11.00 a.m. on 16 November 2007
EGM:                                       11.15 a.m. on 16 November 2007

* A blue Form of Proxy for the Court Meeting not lodged by this time may be
handed to the Chairman at the Court Meeting.

The following times and dates are indicative only and will depend, amongst other
things, on the dates upon which the Court sanctions the Scheme and the
associated Capital Reduction and whether the Conditions are either satisfied or,
if capable of waiver, waived.

Last day of dealings in Monsoon                           6 December 2007
Shares:
Initial Hearing Date:                                     7 December 2007
Reclassification Record Time:                5.30 p.m. on 7 December 2007
Scheme Record Time:                         4.30 p.m. on 10 December 2007
Final Hearing Date:                                      11 December 2007
Effective Date of the Scheme:                            12 December 2007
Delisting of Monsoon Shares:                             13 December 2007
Latest date for despatch of                              26 December 2007
consideration:

This announcement is not intended to, and does not constitute or form part of
any offer to sell or an invitation to purchase or subscribe for any securities
pursuant to the Proposals or otherwise or the solicitation of any vote or
approval in any jurisdiction. Monsoon Shareholders are advised to read carefully
the formal documentation in relation to the Proposals once it has been
despatched.

The availability of the Proposals to persons not resident in the UK may be
affected by the laws of the relevant jurisdiction. Any persons who are subject
to the laws of any jurisdiction other than the UK should inform themselves about
and observe any applicable requirements.

Copies of this announcement are not being, and must not be, directly or
indirectly mailed or otherwise forwarded, distributed or sent in or into any
jurisdiction where to do so would violate the laws of that jurisdiction and
persons receiving this announcement (including custodians, nominees and
trustees) must not mail or otherwise forward, distribute or otherwise send it
in, or into or from any such jurisdiction. Further details in relation to
overseas shareholders will be contained in the Scheme Document.

This announcement has been prepared in accordance with English Law, the City
Code and the AIM Rules and information disclosed may not be the same as that
which would have been prepared in accordance with jurisdictions outside England.
The Proposals are subject to the applicable rules and regulations of the
Financial Services Authority, the London Stock Exchange and the City Code.

New Boathouse Capital, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively as financial adviser
to Drillgreat and no one else in connection with the Proposals and will not be
responsible to anyone other than Drillgreat for providing the protections
afforded to clients of New Boathouse Capital or for providing advice in relation
to the Proposals or in relation to the contents of this announcement or other
matters referred to herein.

Seymour Pierce, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively as financial adviser to
Monsoon and no one else in connection with the Proposals and will not be
responsible to anyone other than Monsoon for providing the protections afforded
to clients of Seymour Pierce or for providing advice in relation to the
Proposals or in relation to the contents of this announcement or other matters
referred to herein.

Enquiries:

Neil Bennett/Tom Siveyer                          Tel: +44(0)20 7379 5151
Maitland

Seymour Pierce Limited                            Tel: +44(0)20 7107 8000
Jonathan Wright/Sarah Jacobs








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