The Boards of RAL and Aston Villa are pleased to announce the terms of a recommended cash offer by RAL to acquire the entire issued and to be issued share capital of Aston Villa.

RAL, is an English company, which was newly incorporated for the purposes of making the Offer and which is ultimately controlled by Mr Randolph Lerner, owner of the Cleveland Browns Football Club, USA.

The Offer will be 547 pence in cash for each Aston Villa Share, valuing the existing issued share capital of Aston Villa at approximately £62.6 million.

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