investment statement for - Pumpkin Patch investor relations

summary of share offeroffer descriptionPumpkin Patch is offering for issue up to 81,027,200 new ordinary fully paid shares ("Shares") in Pumpkin Patch Limited.Pumpkin Patch has entered into conditional repurchase agreements (“Repurchase Agreements”) with some of its existing shareholders("Selling Shareholders") to repurchase and cancel between 28,770,400 and 49,027,200 Shares currently held by those shareholders. Some ofthe proceeds of the Share Offer may be paid to the Selling Shareholders (as the purchase price) on repurchase and cancellation of thoseShares. Further details are contained on page 50 of this Investment Statement and in the Prospectus.Any residual shares not repurchased by the Company and held by shareholders, other than employees or trustees of employee shareschemes, will be the subject of arrangements placing restrictions on their transferability for a period of 12 months from 9 June 2004. Thosearrangements are more fully described in the Prospectus.The Shares are not guaranteed by any person.pricingThe price per Share will be set via a book build process involving institutional and professional investors. An Indicative Price Range of $1.20to $1.40 per Share has been set to assist institutional investors in the bidding process. When the book build process is complete a Final Pricewill be set. The Final Price for institutional and professional investors participating in the book build may exceed $1.40, but the Final Price setfor other investors will be capped at $1.40.The value of Shares applied for by investors under firm allocation will be divided by the [applicable] Final Price to calculate the number ofShares they will be allocated. The number of Shares allocated to an investor will be rounded down to the nearest whole Share, and norefund will be given for any difference resulting solely from rounding.9