Blackstone Denies Rumors of Rio Tinto Bid



    LONDON & NEW YORK, December 10 /CNW/ - Following an article entitled
"Blackstone Planning Break-up Bid for Rio", in today's Daily Telegraph, The
Blackstone Group (BX: NYSE) has consulted with the U.K. Takeover Panel and
told them that there is no truth to this story. Blackstone can also confirm
today that it is not involved in this transaction in either an investment or
advisory role. The Panel Executive has confirmed that this is not a statement
to which Rule 2.8 of the Takeover Code applies.




For further information:

For further information: The Blackstone Group New York John Ford, +1
212-583-5559 ford@blackstone.com or London Sophia Harrison, +44 (0)20 7451
4295 Harrison@blackstone.com

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