RNS Number:7524M
Eurotunnel PLC/Eurotunnel S.A.
27 November 2006

NEWS



Monday 27 November

Immediate release







    Creditors vote in favour of Eurotunnel safeguard restructuring proposals





Eurotunnel is pleased to note the positive vote by creditors who are members of
the financial establishments* committee. The creditors were called to vote this
morning, 27 November, on the proposed safeguard restructuring plan put forward
under the French Safeguard Procedure.



28 creditors, out of 35 present or represented, voted in favour of the proposals
which were put before them. This represents 72% of the Senior and Junior debt.



This result has been obtained in spite of the abstention by certain hedge funds,
who had unsuccessfully contested their inclusion in the financial establishments
committee as constituted by the Paris Commercial Court.



Eurotunnel is grateful to the Mandataires Judiciaires and the Administrateurs
Judiciaires (Court appointed representatives) who had encouraged a vote in
favour of the plan.



This vote, which will be followed by the vote of the Suppliers Committee this
afternoon and by the Bond holders vote before the middle of December, is a first
decisive step in the process of agreeing the financial restructuring plan put
forward by the company, with the support of the Court appointed representatives.



Jacques Gounon, Chairman and Chief Executive of Eurotunnel said, "The result of
the ballot demonstrates that the proposed plan is the best balance possible
between shareholders and creditors and that it was not possible to ask the
creditors, who have already  agreed to reduce Eurotunnel's debt by more than
half, to go any further.



Eurotunnel's creditors have approved a realistic and balanced plan which will,
at last, allow the company's performances to be seen in their true context and
which will permit Eurotunnel to develop from a solid base".



*Creditors holding bank debt (junior and senior debt), representing 70% of
Eurotunnel's total debt.



Ndegrees 101/2006



For media enquiries contact John Keefe on + 44 (0) 1303 284491.

Email: John.keefe@eurotunnel.com



Ken Cronin +44 788 759 1499



For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.

Email: michael.schuller@eurotunnel.com



                               www.eurotunnel.com



Eurotunnel manages the infrastructure of the Channel Tunnel and operates
accompanied truck shuttle and passenger shuttle (car and coach) services between
Folkestone, UK and Calais, France.  Eurotunnel also earns toll revenue from
train operators (Eurostar for rail passengers, and EWS and SNCF for rail
freight) which use the Tunnel. Eurotunnel is quoted in London, Paris and
Brussels.










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