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Zenitel annouces that the over-allotment option has been exercised

After the finalization of a successful capital increase on 9 May 2007, during which 18 million EUR has been added to the company’s equity, Zenitel announces that the over-allotment option of 10% has been exercised by Lead Manager KBC Securities. On 4 June 2007, the notary deed will be passed.

As a result of this exercise an additional amount of €1.8 million has been raised at the offer price, i.e. €2.9 per share. This brings the total number of new shares placed in the offering at 6,827,586, raising €19.8 million for Zenitel.

The capital increase is organized by KBC Securities in cooperation with KBC Bank and CBC Banque as selling agents.