Information to Shareholders

Hawkslease Finance Company (HFCL), a company controlled by INEOS, has made a recommended public cash offer for all the listed ordinary shares with a nominal value of EUR 1 each in the capital of EVC International N.V. (EVC), of EUR 3.50 in cash for each EVC share. The EVC Shares are listed on Euronext Amsterdam.

INEOS already holds 30,445,578 of the EVC Shares and all of the 2,744,150 EVC Class A Shares, together representing approximately 86.4% of the issued share capital of EVC.

The honouring of the Offer is subject to the condition that such number of outstanding EVC Shares are tendered that these, together with the outstanding EVC Shares directly or indirectly held by INEOS for its own account, represent at least 95% of the outstanding EVC Shares at the date that HFCL honours the Offer. This condition and the other conditions, under which the Offer is made, are set out in the offer document dated 8 November 2004.

Copies of the Offer Document (in English only) including the summary of the Offer Document in Dutch, the EVC Articles of Association and the EVC 2001, 2002 and 2003 annual reports are available for inspection and may be obtained free of charge at the offices of EVC International N.V., Ingenieur Rocourstraat 28, 6254 AD Eijsden, The Netherlands, Telephone: +31 (0) 43 409 9191, Fax: +31 (0) 43 409 9198 and at: Rabo Securities N.V., Rembrandt Tower, Amstelplein 1, 1096 HA Amsterdam, The Netherlands, Telephone: + 31 (0) 20 460 4602, Fax: + 31 (0) 20 460 4958.

Share Price History

History
(in EUR)
  2003 2002 2001
High 1.80 2.40 3.40
Low 1.40 0.84 0.38
Close (2 January) 1.79 1.50 1.29

Share Peformance Indicators

  at 31/12/2003 at 31/12/2002
Number of shares outstanding 35,443,984 35,443,984
Weighted average number of shares outstanding 35,443,984 35,443,984
Weighted average number of shares including Class A shares 36,816,059 36,816,059

 
(EUR per share)
  2003 2002 2001
Earnings/(loss) (0.70) (1.11) (2.82)
Net asset value 4.78 5.67 7.28

Dividend

No dividend for the year 2003 will be proposed.