and any other body corporate, partnership,

joint venture or person in which GDF

SUEZ and all such undertakings (aggregating

their interests) have a Significant

Interest; and

"Wider IPR Group" IPR and associated undertakings and

any other body corporate, partnership,

joint venture or person in which IPR

and such undertakings (aggregating

their interests) have a Significant

Interest.

For the purposes of this announcement, "subsidiary", "subsidiary undertaking", "undertaking" and "associated undertaking" have the respective meanings given thereto by the Companies Act.

All references to "pounds", "pounds Sterling", "Sterling", "GBP", "pence", "penny" and "p" are to the lawful currency of the United Kingdom.

All references to "Euros", "EUR" and "EUR" are to the lawful currency of the member states of the European Union that adopt a single currency in accordance with the Treaty establishing the European Community as amended by the Treaty on the European Union.

All the times referred to in this announcement are London times unless otherwise stated.

References to the singular include the plural and vice versa.

* The fully diluted share capital assumes full conversion of IPR's Convertible Bonds and exercise of share options. The Convertible Bond exchange prices are illustrative only and based on current available market data as at 13 April 2012 and various other assumptions, including that the final dividend for the year ended 31 December 2011 will be paid on 29 June 2012. The actual Convertible Bond exchange prices will depend, inter alia, on market data as at the Effective Date.

** The statement that the transaction is expected to be EPS accretive, should not be interpreted to mean that the earnings per share in the current or any future financial period will necessarily match or be greater than those for the relevant preceding financial period.

*** The statement that the Offer is earnings accretive should not be interpreted to mean that the earnings per share in the current or any future financial period will necessarily match or be greater than those for the relevant preceding financial period.

This information is provided by RNS

The company news service from the London Stock Exchange

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