News: Deals: Reports

Confirmit ASA & Sebastian Holdings Inc	Update Date: 06/01/08
Date Announced: 05/13/08
Value (million $USD): 42.6 million U.S. Dollar 216.0 million Norwegian Krone

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Merger	Acquisition techniques	Going Private; Mandatory Offering
Attitude	Friendly	Agency	n/a
Value	42.6 million U.S. Dollar 216.0 million Norwegian Krone	Advisor Fees	n/a

SYNOPSIS
NORWAY - Sebastian Holdings Inc of Tuvalu planned to launch a mandatory tender offer to acquire the remaining 62.32% interest, or 12.632 mil ordinary shares, which it did not already own, in Confirmit ASA, an Oslo-based developer of software, for 17.1 Norwegian kroner ($3.375 mil US) per share, or a total value of 216.015 mil Norwegian kroner ($42.636 mil).

TARGET
Name	Confirmit ASA (Oslo : CONF)
Industries	n/a
City	Oslo
State	n/a
Nation	Norway
Incorporated in	n/a
Public Status	Public
Business Description	Confirmit ASA, located in Oslo, Norway, develops software for the Market Research (MR) and Enterprise Feedback Management (EFM) companies. Its brands include Confirmit Professional, Confirmit Express, Confirmit CAPI, Confirmit Kiosk, Confirmit Data Central, Confirmit Pulsar Web, Confirmit Pulsar, Confirmit Reportal, Confirmit Community Panel, Confirmit Translator, Confirmit Media, Visual QSL, Bellview CATI, Bellview CAPI, Bellview Web, Bellview Scan, Bellview Fusion, STAR, Dialers, Access Point and Confirmit Release Details.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Sebastian Holdings Inc
Industries	Advertising, nec; Investors, nec; Offices of holding companies, nec
City	Providenciales
State	n/a
Nation	Tuvalu
Incorporated in	n/a
Public Status	Private
Business Description	Sebastian Holdings Inc, located in Providenciales, Tuvalu, is an investment holding company with interests in advertising companies.
Advisors	NULL
Acquiror Sales	n/a

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