's-Hertogenbosch, October 31, 2007
Tele Atlas confirms that it has received this morning a letter from
Garmin expressing their intention to make a public offer for all
outstanding shares of ¤ 24.50 per share in cash. Tele Atlas will
review the terms and conditions of the offer and further steps and
will inform the market as soon as reasonably possible.
This is an announcement pursuant to section 9b(1) of the Dutch
Securities Markets Decree (Besluit Toezicht Effectenverkeer 1995)
Jan Wirken
Investor Relations Manager, Tele Atlas NV
Phone: + 31 73 640 21 60
jan.wirken@teleatlas.com
Ticker Symbols
ISIN: NL0000233948
Eurolist by Euronext Symbol: TA
Geregelter Markt in Frankfurt (TecDax) Symbol: TA6
WKN: 927101
About Tele Atlas
Tele Atlas delivers the digital maps and dynamic content that power
some of the world's most essential navigation and location-based
services. The information is the foundation for a wide range of
personal and in-car navigation systems and mobile and Internet map
applications that help users find the people, places, products, and
services they need, wherever they are. The company also works with
business partners who trust its digital map data to deliver critical
applications for emergency, business, fleet, and infrastructure
services. Founded in 1984, Tele Atlas has approximately 2,400
full-time staff and contract cartographers at offices in 24 countries
and uses a sophisticated network of professional drivers, mobile
mapping vans, and more than 50,000 data resources to deliver highly
accurate and up-to-date digital maps. Tele Atlas is listed on the
Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For
more information, visit www.teleatlas.com.
The press release can be downloaded from the following link: