Common use of Initial announcements Clause in Contracts

Initial announcements. Immediately following execution of this agreement the Company must issue an announcement in a form agreed with Apax and including a statement that each Trade Me Director: (a) recommends that Shareholders vote in favour of the Scheme; and (b) undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser's Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.

Initial announcements. Immediately following execution of this agreement the Company must issue an announcement in a form agreed with Apax and including a statement that each Trade Me Director: (a) recommends that Shareholders vote in favour of the Scheme; and (b) undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser's Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.. F or p er so na l u se o nl 3679077 v1 40