Scoot.com plc ('Scoot' or 'The Company') Response to Vivendi Universal Statement

Apr 27, 2001, 01:00 ET from Scoot.com Plc

    LONDON, April 27 /PRNewswire/ -- Further to Vivendi Universal's
 announcement, Scoot (Nasdaq:   SCOP) confirms that it is in the preliminary
 stages of discussions with Vivendi Universal regarding a possible offer for
 the Company.  However, Scoot wishes to clarify that, in response to Vivendi
 Universal's indicative offer value of 15p per share, Scoot informed Vivendi
 Universal that such an offer would not reflect the underlying value of the
 Company and, consequently, would not be sufficient to secure a recommendation
 from the Board of Scoot.  The Board of Scoot would consider such an offer to
 be wholly inadequate.
     This announcement is issued by Scoot, the contents having been approved
 solely for the purposes of Section 57 of the Financial Services Act 1986 by
 Merrill Lynch International which is regulated in the conduct of its
 investment business in the UK by The Securities and Futures Authority Limited.
 
 

SOURCE Scoot.com Plc
    LONDON, April 27 /PRNewswire/ -- Further to Vivendi Universal's
 announcement, Scoot (Nasdaq:   SCOP) confirms that it is in the preliminary
 stages of discussions with Vivendi Universal regarding a possible offer for
 the Company.  However, Scoot wishes to clarify that, in response to Vivendi
 Universal's indicative offer value of 15p per share, Scoot informed Vivendi
 Universal that such an offer would not reflect the underlying value of the
 Company and, consequently, would not be sufficient to secure a recommendation
 from the Board of Scoot.  The Board of Scoot would consider such an offer to
 be wholly inadequate.
     This announcement is issued by Scoot, the contents having been approved
 solely for the purposes of Section 57 of the Financial Services Act 1986 by
 Merrill Lynch International which is regulated in the conduct of its
 investment business in the UK by The Securities and Futures Authority Limited.
 
 SOURCE  Scoot.com Plc