LUDOWICI LIMITED 
By 14 March 2012
LUDOWICI NOTES WEIR'S WITHDRAWAL FROM BIDDING FOR
LUDOWICI
The Board of Ludowici notes the announcement on the London
Stock Exchange by Weir Group PLC ("Weir") that it does not
intend to make a further offer and has withdrawn from bidding
for Ludowici. 1
The announcement by Weir does not impact the FLSmidth
proposal to acquire all Ludowici shares at
$11.00 per share (less any dividends paid or declared prior
to completion of that transaction) (the FLS Proposal). The
FLS proposal continues to be unanimously recommended by the
Ludowici Board (in the absence of a superior offer and
subject to an independent expert concluding that the proposal
is in the best interests of shareholders).
As outlined in our announcement of 28 February 2012, the FLS
Proposal is subject to a number of customary conditions.
Subject to satisfaction of those conditions the Board expects
the transaction with FLSmidth to complete in early June 2012.
In due course, Ludowici shareholders will receive a Scheme
Booklet containing full details of the offer (including an
Independent Expert's Report) and a meeting will be called for
shareholders to vote on the Scheme.
Ludowici will continue to keep the market informed of any
developments.
1 Weir's announcement notes that "Although Weir has no current intention to make any further proposal in relation to Ludowici, it reserves the right to make a new proposal if circumstances change."
