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MedservRegis Plc

M&A Activity Jul 18, 2013

2071_rns_2013-07-17_9b17f846-6a09-4c06-8e1e-3d561ddb85a4.pdf

M&A Activity

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COMPANY ANNOUNCEMENT

Medserv p.l.c.

Results of Tender Process

Date of Announcement 18
July 2013
Reference 78/2013

This is a company announcement being made by Medserv p.l.c. ("the Company") in compliance with Chapter 5 of the Listing Rules:

Quote

Reference has previously been made, most recently in the company announcement dated 15th July 2013 (Ref: 77/2013) of a tender made by the Company in partnership with a substantial international company relating to a contract to operate a base for the oil industry in Tanzania. This contract has now been awarded to a competitor. The Company understands that, out of a substantial number of original bidders, the final decision lay between the Company's bid and that of the eventual winner. No potential revenue from this contract was included in the Company's forecasts or budgets which remain unaffected.

This tender, although unsuccessful in its final outcome, demonstrated to the Company that it can compete successfully in the context of an international tender process in new territories. It has been informed that all technical requirements were met despite it not being selected as the preferred bidder. This was the Company's first tender in the region and the positive experience will assist in driving future business expansion plans.

Unquote

Signed:

__________________

Louis de Gabriele Company Secretary

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