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Elliott announces its intention to reject GE's tender offer for SLM Solutions

AP-Media / 20.10.2016 / 19:00

London/Frankfurt am Main, (October 20th 2016) - Elliott Associates, L.P.
and Elliott International, L.P. together with affiliated entities
("Elliott"), which together own over 20% of SLM Solutions Group AG ("SLM")
shares, announced today that Elliott intends to reject GE Germany Holdings
AG's ("GE") current tender offer for the outstanding shares of SLM.
Elliott released the following statement regarding its decision:

Elliott believes that GE's offer is not in the best interests of SLM
shareholders. As a result, we will reject GE Germany Holdings AG's tender
offer for the outstanding shares of SLM on its current terms.

About Elliott

Elliott Associates, L.P. and Elliott international, L.P., together have
more than $28 billion of assets under management. Elliott's flagship fund,
Elliott Associates, L.P., was founded in 1977, making it one of the oldest
hedge funds under continuous management. The Elliott funds' investors
include pension plans, sovereign wealth funds, endowments, foundations,
funds-of-funds, high net worth individuals and families, and employees of
the firm.


Media Contact:

Charles Barker Corporate Communications
Thomas Katzensteiner / Tobias Eberle
+49 69 79 40 90 25
+49 69 79 40 90 24

End of Media Release


Issuer: Elliott Advisors (UK) Limited
Key word(s): Finance

20.10.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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