27 March 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Recommended acquisition of Eidos plc ('Eidos') by SQEX Ltd. ('SQEX')

Results of Court Meeting and EGM

On 12 February 2009, the Boards of Eidos and SQEX announced that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Eidos by SQEX, a company wholly owned by Square Enix Holdings Co. Ltd ('Square Enix'), to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the 'Scheme'). On 4 March 2009 Eidos posted a scheme document to its shareholders (the 'Scheme Document') containing, among other things, the full terms and conditions of the Scheme. 

Eidos and SQEX are pleased to announce that, at the Court Meeting held earlier today, the Scheme was approved by the requisite majority. The number of shareholders voting (either in person or by proxy) and the votes cast at the Court Hearing was as follows:

Subsequently, at the EGM, the special resolution required to implement the Scheme was also passed by the requisite majority.

Copies of the resolutions passed at the Court Meeting and the EGM have been submitted to the UK Listing Authority and will be available for inspection at the UK Listing Authority's Document Viewing Facility situated at the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.

The expected timetable of principal events for the implementation of the Scheme remains as previously announced and is as follows:

These times and dates are indicative only and will depend, among other things, on dates on which the Conditions are satisfied or waived, the date on which the Court sanctions the Scheme and confirms the Capital Reduction and the date on which the Court Order sanctioning the Scheme and confirming the Capital Reduction is delivered to the Registrar of Companies and such Court Order is registered by the Registrar of Companies.

Capitalised terms used in this announcement have the meanings given to them in the Scheme Document.

This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for any securities. This announcement also does not constitute a prospectus or prospectus equivalent document.  Any acceptance or other response to the Scheme should be made only on the basis of the information contained in the Scheme Document.

UBS, is acting exclusively for SQEX and Square Enix and no one else in connection with the Acquisition and will not be responsible to anyone other than SQEX and Square Enix for providing the protections afforded to clients of UBS Investment Bank, or for providing advice in connection with the Acquisition or any matter referred to in this announcement.

Citi, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Eidos and no one else in connection with the Acquisition and will not be responsible to anyone other than Eidos for providing the protections afforded to clients of Citi or for providing advice in connection with the Acquisition or any matter referred to in this announcement.

The distribution of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe, any applicable legal or regulatory requirements. This announcement has been prepared for the purpose of complying with English law and the Takeover Code, and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the UK. 

The Acquisition relates to the shares of a UK company and is proposed to be effected by means of a scheme of arrangement under the laws of England and Wales. A transaction effected by means of a scheme of arrangement is not subject to the proxy solicitation or tender offer rules under the US Securities Exchange Act of 1934, as amended. Accordingly, the Scheme is subject to the disclosure requirements, rules and practices applicable in the United Kingdom to schemes of arrangement, which differ from the requirements of US proxy solicitation or tender offer rules. However, if SQEX were to elect to implement the Acquisition by means of a takeover offer, such takeover offer would be made in compliance with all applicable laws and regulations, including the US tender offer rules, to the extent applicable.