TIDMGNE 
 
RNS Number : 2468O 
GNE Group PLC 
03 March 2009 
 

 
 
 
 
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| Press Release                          |                       3 March 2009 | 
+----------------------------------------+------------------------------------+ 
 
 
GNE Group plc 
 
 
('GNE or 'the Company') 
 
 
Clarification of statements 
 
 
Following queries raised by the Shareholder Action Group the Directors wish to 
clarify certain statements contained in their letter to shareholders dated 24 
February 2009. 
 
 
With regard to the statement 'The GNE share price peaked at GBP1.90 as a result 
of Mr Ratcliffe's acquisition of his stake', having reviewed trading for the 
week commencing Monday 8 December 2008, the Directors note that the closing 
price for ordinary shares was 181 pence on Monday 8 December 2008 increasing to 
187.5 pence on Friday 12 December 2008 the day Mr. Ratcliffe acquired his 
ordinary shares. The closing price for the ordinary shares peaked at 190 
pence on Tuesday 9 December 2008. 
 
 
The Directors wish to clarify the statement that "at least 38% of the shares in 
the Company have changed hands and been acquired by new shareholders since Mr. 
Ratcliffe became involved" includes the acquisition of 28.7% of the ordinary 
shares by the concert party. 
- Ends - 
 
 
For further information: 
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| GNE Group plc                            |                            | 
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| David Port, Executive Chairman           |  Tel: +44 (0) 20 7398 7702 | 
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|                                          |                            | 
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| Seymour Pierce                           |                            | 
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| Richard Feigen / Sarah Jacobs            |  Tel: +44 (0) 20 7107 8000 | 
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|                                          |      www.seymourpierce.com | 
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Media enquiries: 
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| Abchurch                                 |                            | 
+------------------------------------------+----------------------------+ 
| Henry Harrison-Topham / Monique Tsang    |  Tel: +44 (0) 20 7398 7702 | 
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| monique.tsang@abchurch-group.com         |     www.abchurch-group.com | 
+------------------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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