Navis Media Announcement

September 18th, 2007: Beyond International Limited (BYI) announced today that the Board of BYI has agreed to propose a Scheme of Arrangement whereby Navis Media Pty Ltd (Navis Media) will acquire all of the shares in BYI for $1.22 cash per share. The proposed Scheme, which values BYI at $74.6 million, is subject to approval by BYI shareholders at a Scheme Meeting expected to be held in November.

The non-executive directors of the Board of BYI, Ian Ingram, Anthony Lee and Ian Robertson, unanimously recommend the offer, in the absence of a superior proposal and pending confirmation from an Independent Expert that the scheme is in the best interest of BYI shareholders. In this regard, each non-executive member of the BYI Board who holds BYI shares, or on whose behalf BYI shares are held, intends to vote those shares in favour of the scheme in the absence of a superior proposal. It is intended that Mikael Borglund will continue as chief executive officer of BYI if the offer is successfully completed, and he has entered into separate arrangements with Navis Media to facilitate the proposal.

The offer of $1.22 per share is an all cash offer, and is offered on an ex-dividend basis. The Board has previously declared a dividend of $0.03 per share, which makes a total payment to BYI shareholders of $1.25 per share.

A copy of the takeover offer is available for download by clicking here...
Note:- You will need a copy of Acrobat Reader to be able to read this file (PDF format)

Mikael Borglund, Managing Director
Beyond International
Tel: 02 9437 2000
Email: investor_relations@beyond.com.au

published: Tuesday, September 18, 2007