The Board of Directors of Oberthur Technologies Will Review the Proposed Tender Offer

The Board of Directors of Oberthur Technologies Will Review the Proposed Tender Offer Initiated by Francois-Charles Oberthur Fiduciaire

PARIS, September 23, 2008 (AllPayNews.com) -- On September 22nd 2008, the Board of Directors of Oberthur Technologies has been informed of the terms and conditions of the proposed tender offer on the shares of the company initiated by Francois-Charles Oberthur Fiduciaire which was filed with the French stock market authority on September 23rd 2008.
It approved the appointment of AA Fineval, as an independent expert, that occurred on August 29th 2008, pursuant to the recommendation of the audit committee of Oberthur Technologies, which had been confidentially informed of the proposed transaction. It was provided with the report of the independent expert which concludes: "the price of 6.70EUR per share offered in the proposed tender offer and, as the case may be, in the squeeze-out is fair to minority shareholders."
The Board of Directors will meet again on September 29th 2008 to issue a motivated opinion as to the merits of the offer for the Company, its shareholders and its employees.
About Oberthur
With sales of EUR733,4M in 2007, Oberthur is one of the world leaders in the field of secure technologies. Innovation and high quality services ensure Oberthur's strong positioning in its main target markets :
- Smart cards: One of the world's leading providers of
security and identification based on smart card technology and
associated services, such as personalization, for the mobile, payment,
identity, digital TV and transport markets.

- Secure printing: The world's third largest private
security printer, specializing in the production and management of high
security products such as banknotes, passports, and other identity
documents, checks and secured documents in more than fifty countries.

- Cash protection: World leader in the emerging market of
equipments for smart cash transportation and ATM protection.

Close to its customers, Oberthur benefits from an industrial and commercial presence across all five continents. Oberthur is listed on Euronext Paris.
More information about Oberthur is available at http://www.oberthur.com.

Contacts:

Investors / Analysts :
Jean-Michel Guichot,
CFO,
+33-1-47-64-64-08 ,
jm.guichot@oberthur.com

Press Information:
Caroline Simon,
+33(0)1-53-70-74-65 , caroline.simon@image7.fr
Claire Doligez,
+33(0)1-53-70-74-95 , cdoligez@image7.fr

SOURCE Oberthur Technologies