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Phillips Holdings Limited Advises The BSX Of Intention To Acquire All The Shares Of The Remaining Shareholders of S.A.L. Limited
Hamilton, Bermuda, 6 February 2006 - Phillips Holdings Limited ("Phillips") announces today that it has advised the Bermuda Stock Exchange of its intention to acquire all of the shares of the remaining shareholders of S.A.L. at a price of $82.45 per share. Phillips is owner of 95.9% of the shares of S.A.L. Limited.