HEVERLEE, Belgium -- On Monday 3 October 2005 a meeting of the board of directors of Telindus Group NV was held to discuss the public tender offer made by Belgacom on all shares and warrants issued by Telindus Group NV. Neither the board of directors, nor the reference shareholders of Telindus Group NV were consulted in advance regarding this tender offer or were aware of Belgacom's intentions.

The board of directors has appointed CSFB / Bank Degroof and KBC Securities as financial advisers to analyse the different strategic options and also to assist the board of directors with the drafting of the advice required by article 14 of the Royal Decree of 8 November 1989 relating to the public tender offers and to the changes in the control of companies (arrêté royal du 8 novembre 1989 relatif aux offres publiques d'acquisition et aux modifications du contrôle des sociétés)

For this reason, the board of directors has requested the Banking Finance and Insurance Commission (CBFA) to grant a postponement for rendering the aforementioned advice in order to fulfil its tasks in optimal conditions. The CBFA has granted a postponement until 14 October 2005 to enable the board of directors to get assistance of 3 financial advisers to give the aforementioned advice.

Transparency declaration

Today the board of directors has received a transparency declaration from Mellon HBV Alternative Strategies UK Ltd according to which the latter has acquired 5,4% of the share capital of Telindus Group NV (1 943 070 shares).

Telindus Group NV