Reaction Tele Atlas on Garmin's Cash Offer

Tele Atlas Receives an Offer Proposal from Garmin for ¤24.50 in cash 's-Hertogenbosch, The Netherlands, November 1, 2007 - Tele Atlas NV (FSE: TA6, EUNV: TA), a leading global provider of digital maps and dynamic content for navigation and location based solutions, announced yesterday that it received from Garmin Ltd. ("Garmin") a letter communicating that Garmin intends to make an offer (the "Garmin Proposal") for all of the outstanding shares in Tele Atlas for ¤24.50 per share in cash. Tele Atlas understands that the Garmin Proposal will be subject to receipt of the requisite antitrust approvals and tender of at least 66.67% of the issued share capital of Tele Atlas, and that it is not subject to financing conditions. Garmin has stated that if the strategic combination were successfully completed, Tele Atlas will continue its business as a separate entity, based and headquartered in the Netherlands. As announced on July 23, 2007, Tele Atlas entered into a merger protocol (the "TomTom Agreement") with TomTom N.V. ("TomTom"), pursuant to which TomTom agreed to make an offer (the "TomTom Offer") for all of the shares of Tele Atlas for ¤21.25 per share in cash, as more fully described in the offer memorandum published by TomTom on 2 October 2007. Under the TomTom Agreement, if Tele Atlas receives a superior proposal, TomTom has a right to match that superior proposal within a five business day period from the date Tele Atlas notifies TomTom that a superior proposal has been received. If TomTom chooses not match that superior proposal within the five business day period, Tele Atlas intends to terminate the TomTom Agreement. The Management Board and Supervisory Board of Tele Atlas (the "Boards") have concluded that the Garmin Proposal qualifies as a superior proposal, as defined in the TomTom Agreement, and have notified TomTom that the Boards intend to support and recommend Garmin's Proposal, unless TomTom matches the Garmin Proposal within the five business day period expiring close of business in the Netherlands on November 8, 2007. In order to support and recommend Garmin's Proposal, Tele Atlas expects that it will receive binding commitments from Garmin reflecting the terms of its Proposal. Until such time, the Boards do not intend to change their recommendation regarding the proposed business combination with TomTom. Further, pursuant to the TomTom Agreement, the Boards have informed TomTom today that if it matches the Garmin Proposal within the five business day period, the Boards will recommend the revised TomTom offer. If TomTom does not match the Garmin Proposal, Tele Atlas intends to terminate the TomTom Agreement. Pursuant to the TomTom Agreement, in reaching a determination that the Garmin Proposal is superior to the TomTom Offer, and in evaluating whether a revised TomTom offer (if any) matches or is superior to Garmin's Proposal, the Tele Atlas Board has carefully considered and will carefully consider the terms and conditions of each proposal taken as a whole, including all legal, financial and regulatory aspects of such proposals. In the event that TomTom chooses not to match the Garmin Proposal, the Boards intend to take up Garmin's invitation and meet with Garmin's management. This is an announcement pursuant to section 9b(1) of the Dutch Securities Markets Decree (Besluit Toezicht Effectenverkeer 1995). For more information, please contact: Press Europe: Dirk Snauwaert Public Relations Director Tele Atlas EMEA Phone: +32 475 69 30 97 e-mail: Other Press: Margot Carlson Delogne Vice President, Global Communications Phone:+1 617 570 6307 Investment Community Jan Wirken Investor Relations Manager Phone: + 31 73 640 21 60 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 This announcement does not constitute an offer to purchase any securities, nor a solicitation of any offer, proxy, consent or authorization to buy or subscribe for any securities of Tele Atlas or any other securities, nor shall it (or any part of it) form the basis of, or be relied upon in connection with, any contract therefore. In the event that an offer is made, details of the offer will be set out in an offer memorandum, which will contain the full terms and conditions of the offer including how the offer can be accepted, and which will be made available to all holders of securities of Tele Atlas free of charge. This announcement is a press release and not a prospectus and holders of ordinary shares in Tele Atlas should not make any decisions except on the basis of the information contained in an offer memorandum. The press release can be downloaded from the following link: