QXL QXL

RNS Number:9904W
QXL Ricardo PLC
21 May 2007

QXL ricardo plc ("QXL" or "the Company")


21 May 2007


Voluntary offer to minority shareholders in ricardo.de AG


On 18 May 2007, QXL GmbH, a wholly-owned subsidiary of the Company, announced
its intention to make a voluntary public offer to acquire the shares of the
minority shareholders of ricardo.de AG, at a price of Euro14 per share in cash. The
public offer is subject to German takeover law and consequently notifications
and documentation regarding the offer will, in general, be distributed only in
Germany.

The minority shareholding in ricardo.de AG has existed since the merger of QXL
and ricardo.de AG in November 2000 and the Company is now seeking to simplify
further its corporate structure. ricardo.de AG owns 100% of ricardo.ch AG, which
operates the QXL Group's business in Switzerland.

As at 17 May 2007, QXL and QXL GmbH together owned 7,801,831 shares in
ricardo.de AG, representing approximately 93.7% of the share capital of that
company.  If all minority shareholders were to accept the offer, the total
amount payable would be approximately #5 million, which would be satisfied from
the Company's existing resources. QXL GmbH and the Company intend, through the
offer, to acquire sufficient shares in order to increase the combined holding to
at least 95% and then to implement a squeeze-out of the minority shareholders in
accordance with the German Stock Corporation Act.


Further enquiries:

QXL ricardo plc

Alison Cabot, Investor Relations
Tom Parkinson, Company Secretary

Tel: +44 (0)20 7384 6310


Financial Dynamics

James Melville-Ross
Juliet Clarke
Matt Dixon

Tel: +44 (0)20 7831 3113




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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