HEREWITH WE INFORM YOU THAT OUR COMPANY WILL BE CLOSED FOR SUMMER HOLIDAYS FROM 09TH TO 13TH AUGUST (INCLUDED).

Trading, Maintenance et Services (in short "T.M.S.") is a company organised under the laws of Belgium. Part of its shares is negotiable on the free market of Euronext Paris. Also TMS Overseas is a company Organized under the laws of Belgium and both have the headquarters located in Liegie.
GB Group is pleased to announce that on August 1, 2008 has acquired the 77 % of the TMS share capital and the 100% of TMS Overseas. GB Group is one of the major manufacturer and distributor of spare parts in the sector of agriculture and industry. GB Group has realized a consolidated turnover of over EUR 200 million in 2007. The group is active in many countries and operates via its subsidiaries in Italy, the USA, United Kingdom and South Africa. Thanks to this operation, GB Group will reach a turnover of almost US $ 500 million by the end of 2008.
TMS is specialized in the worldwide distribution of spare parts for building and civil engineering materials and for trucks. Present in over 40 countries thanks to its agencies' network of and its subsidiaries in the USA, France, Brasil and Spain, TMS group has realized a consolidated turnover of EUR 57 million in 2007.
TMS and GB Group are active in the same sector and offer many complementarities: thanks to a strong commercial penetration in Center Africa, Russia and other countries TMS's association with GB will ends up on a perfect integration between the 2 companies.
TMS's value has been estimated about EUR 50 million: GB's initial investment was around EUR 21.5 million, and the entire operation has been settled thanks to a funds granted by a pool of italian banks.
The sale has been realised at a provisional price of EUR 18.02 per share, which will still be subject to certain adjustments, in particular depending on the operating results of 2008.
The previous controlling shareholders keeps a participation of 15% in the share capital of TMS and the management team will remain in function after the transaction.

• "Price Surcharge" effective from July 1st, 2008
  

  Dear Sirs,

  as You know since different months all the raw material costs are having a constant and repetitive increasing and in consequence of that all the major OEM manufacturers have already updated their price List, some times even more than once in 12 months.
  Our price list is more than one year old and consequently, also GB Ricambi S.p.A is obliged to update it in the next few months.
  However we are not anymore in the position to wait till the new Price List is ready.
  This is the reason why to our regret, we are obliged to react immediately, by applying a 5% ( five pct. ) surcharge at the bottom of our invoices to Yr. Company as from July 1st, 2008.
  This is a temporary measure and will be applied till the new Price list is ready.
  We are sorry about this but we have no other option to avoid having a greater negative impact on our mark up.

  Confident on Yr. comprehension and loyalty,
  Best Regards,
  Giorgio Fioranelli
  Commercial Director
  GB Group