TNG Tangent

RNS Number:7934P
Tangent Communications PLC
11 March 2008

Tangent Communications plc

Statement re: Possible Offer for TMN Group plc

                     Tangent Communications plc ("Tangent")

   Statement re: Possible Offer for TMN Group plc and Rule 2.10 announcement

The Board of Tangent notes the announcement made yesterday by TMN Group plc
("TMN" or the "Company") in relation to the recent movement in TMN's share price
and confirms that it has approached the Board of TMN regarding a potential offer
which would value each TMN ordinary share ("TMN Share") at approximately 50
pence (based on a Tangent share price of 12 pence per share, being the closing
share price per Tangent share on the last practicable date prior to this
announcement), to be satisfied through 19.14 pence in cash and 2.572 new Tangent
shares, should a formal offer be made.  This proposal represents a premium of
over 38 per cent. to the average share price of TMN over the month prior to
yesterday's announcement, being approximately 36 pence.

Tangent has received undertakings from two investors, Hargreave Hale Ltd and
William Currie Group Ltd, to accept or vote in favour (as applicable) of any
formal offer for TMN made by Tangent on the above terms, should any formal offer
be made, in respect of a total of 8,334,870 TMN Shares, representing
approximately 11.1 per cent. of the existing issued share capital of TMN. The
undertakings that Tangent has received are conditional on TMN not receiving a
higher offer from a third party.

The Directors of Tangent believe the combination of Tangent and TMN would
accelerate the development of a multi-channel marketing platform that has been
the established intention of Tangent. The Directors of Tangent believe the
proposed acquisition would enable the enlarged group to provide a more complete
offering to existing customers of both businesses and potentially enable the
enlarged group to attract a higher percentage of clients' marketing budgets. The
Directors of Tangent believe that email is a core delivery channel for a full
service digital marketing business and that TMN brings with it a highly
experienced management team, a broader offering in online research and affiliate
marketing which will broaden the website development business of Tangent.

The Board of Tangent, which is being advised by Collins Stewart Europe Limited,
wishes to stress that the approach and the resulting discussions are at an early
stage, and there can be no certainty that this approach will lead to an offer
being made for the Company. This announcement does not constitute a firm
intention by Tangent to make a formal offer for TMN and at this stage, there can
be no certainty that an offer will be forthcoming.

A further announcement will be made as and when appropriate.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Tangent
confirms that it has 165,966,835 ordinary shares of 1 pence each in issue.

The ISIN reference for these securities is GB0005405849.

Ends

Contact:

Nicholas Green (CEO) / Graeme Harris (FD)                          020 7553 6600
Tangent Communications plc

Seema Paterson / Stewart Wallace                                   020 7523 8350
Collins Stewart Europe Limited

Collins Stewart Europe Limited ("Collins Stewart") which is regulated in the
United Kingdom by The Financial Services Authority is acting for Tangent in
relation to the matters described in this announcement and is not advising any
other person, and accordingly will not be responsible to anyone other than
Tangent for providing the protections afforded to customers of Collins Stewart
or for providing advice in relation to the matters described in this
announcement.

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of Tangent or the Company, all
"dealings" in any "relevant securities" of that company (including by means of
an option in respect of, or a derivative referenced to, any such "relevant
securities") must be publicly disclosed by no later than 3.30pm (London time) on
the London business day following the date of the relevant transaction.  This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the "offer period" otherwise ends.  If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of Tangent or the Company, they
will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Tangent or the Company by Tangent or the Company or by any of its
respective "associates", must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk .

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in price or securities.
In particular, a person will be treated as having an "interest" by virtue of the
ownership or control of securities, or by virtue of any option in respect of, or
derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can be found on the
Panel's website.  If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.

Not for release, publication or distribution in whole or in part, in or into the
United States, Canada, Australia, Japan or the Republic of Ireland

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

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