24 September 2010

ELEKTRON PLC

("Elektron" or the "Company")

Compulsory Acquisition Procedure

The Offer by Elektron for the entire issued and to be issued ordinary share capital of Hartest not already owned by Elektron closed on 14 September 2010.

On 15 September 2010 Elektron announced that it had received valid acceptances in respect of more than 90 per cent. in nominal value of the Hartest Shares to which the Offer relates and therefore Elektron had resolved to exercise its rights pursuant to the provisions of Part 28 of the Companies Act 2006 to compulsorily acquire all remaining Hartest Shares in respect of which acceptances had not been received prior to closing of the Offer.

Elektron is today sending to those Hartest Shareholders who did not validly accept the Offer (including all Overseas Shareholders) a notice in the prescribed form that Elektron will compulsorily acquire all their Hartest Shares at a price of 90 pence per Hartest Share with effect from 5 November 2010, being the date falling 6 weeks from the date of such notices.

On 5 November 2010 Elektron will make payment to Hartest of the aggregate cash consideration due in respect of all the compulsory acquired Hartest Shares. Hartest shall hold such consideration on trust in accordance with section 982 of the Companies Act 2006 until such time as non-accepting Hartest Shareholders contact Hartest.  

Those Hartest Shareholders who did not validly accept the Offer must make a written application to Hartest (accompanied by satisfactory evidence of their identity and title to their Hartest Shares) in order to receive payment from Hartest of the purchase price for their Hartest Shares.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the offer document dated 30 July 2010.

A copy of this announcement will be published on Elektron's website at www.elektronplc.com.

For further information please contact: