<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
SCHEDULE 14D-1
(AMENDMENT NO. 2)
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
---------------------
GENERAL NUTRITION COMPANIES, INC.
(NAME OF SUBJECT COMPANY)
NUMICO INVESTMENT CORP.
NUMICO US, LP
NUMICO, INC.
NUMICO NATIONAAL B.V.
NUTRICIA INTERNATIONAL B.V.
NUTRICIA HOLDINGS LTD.
KONINKLIJKE NUMICO N.V.
(ROYAL NUMICO)
(BIDDERS)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)
37047F103
(CUSIP NUMBER OF CLASS OF SECURITIES)
JULITTE VAN DER VEN
NUMICO INVESTMENT CORP.
C/O GUY E. SNYDER, ESQ.
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
222 NORTH LASALLE STREET
CHICAGO, ILLINOIS 60601
TELEPHONE: (312) 609-7500
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
COPIES TO:
<TABLE>
<CAPTION>
<S> <C>
GUY E. SNYDER, ESQ. JOHN L. MACCARTHY, ESQ.
VEDDER, PRICE, KAUFMAN & KAMMHOLZ WINSTON & STRAWN
222 NORTH LASALLE STREET 35 WEST WACKER DRIVE
CHICAGO, ILLINOIS 60601 CHICAGO, ILLINOIS 60601
(312) 609-7500 (312) 558-5600
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KONINKLIJKE NUMICO N.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
BK
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
THE NETHERLANDS
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
1
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO INVESTMENT CORP.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
2
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO US, LP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
3
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO, INC.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
4
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO NATIONAAL B.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
THE NETHERLANDS
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
5
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUTRICIA INTERNATIONAL B.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
6
<PAGE>
SCHEDULE 14D-1
CUSIP NO. 37047F103
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUTRICIA HOLDINGS LTD.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)
/ /
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
THE UNITED KINGDOM
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,136,906
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
92.8%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
7
<PAGE>
This Amendment No. 2 (the "Final Amendment") amends and supplements and
constitutes the final amendment to the Tender Offer Statement on Schedule 14D-1,
as amended, originally filed with the Securities and Exchange Commission on July
9, 1999 (the "Schedule 14D-1") by Koninklijke Numico N.V., a company organized
under the laws of The Netherlands ("Numico"), and Numico Investment Corp., a
Delaware corporation (the "Purchaser") and an indirect wholly-owned subsidiary
of Numico. The Schedule 14D-1 and this Final Amendment relate to a tender offer
by the Purchaser to purchase all outstanding shares of common stock, par value
$0.01 per share (the "Shares"), of General Nutrition Companies, Inc., a Delaware
corporation (the "Company"), at $25.00 per Share, net to the seller in cash,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated July 9, 1999 and in the related Letter of Transmittal (which, together
with any amendments or supplements thereto, collectively constitute the
"Offer"), copies of which are filed as Exhibits (a)(1) and (a)(2) with the
Schedule 14D-1, respectively. Unless otherwise defined herein, all capitalized
terms used herein shall have the respective meanings given such terms in the
Offer to Purchase.
ITEM 1. SECURITY AND SUBJECT COMPANY.
Item 1 is hereby amended and supplemented to add the following:
The Offer expired by its terms at 12:00 Midnight, New York City time, on
Thursday, August 5, 1999.
ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE BIDDER.
Item 5 is hereby amended and supplemented to add the following:
As soon as practicable, Purchaser (i) intends to seek to procure the making
of an application to the Nasdaq National Market for the Shares to be delisted
from the Nasdaq National Market and (ii) will take measures to cause the
termination of the registration of the Shares under the Exchange Act. The
Purchaser will acquire the remaining Shares pursuant to the Merger.
ITEM 6. INTERESTS IN THE SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended and supplemented to add the following:
As of the time the Offer expired, the Purchaser, in accordance with the
terms of the Offer, accepted for payment, and will promptly pay for,
approximately 63,136,906 Shares that were validly tendered and not withdrawn,
which represents approximately 92.8% of the issued and outstanding Shares. The
Shares tendered include approximately 3,136,125 Shares tendered pursuant to
Notices of Guaranteed Delivery. The information contained in Numico's press
release dated August 6, 1999, a copy of which is filed herewith as Exhibit
(a)(10), is incorporated by reference herein.
ITEM 10. ADDITIONAL INFORMATION.
On August 6, 1999, Numico issued a press release, a copy of which is filed
herewith as Exhibit (a)(10) and is incorporated by reference herein.
As set forth in the press release, the Offer expired at 12:00 Midnight, New
York City time, on Thursday, August 5, 1999. Numico also announced that it had
been advised by the Depositary that at the time the Offer expired, approximately
63,136,906 Shares had been validly tendered and not withdrawn, representing
approximately 92.8% of the issued and outstanding Shares. The Shares tendered
include approximately 3,136,125 Shares tendered pursuant to Notices of
Guaranteed Delivery. The foregoing description of the press release is qualified
in its entirety by reference to a copy of the press release which is attached
hereto as Exhibit (a)(10) and is incorporated by reference herein.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended and supplemented to add the following:
(a)(10) Press release, dated August 6, 1999.
8
<PAGE>
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: August 6, 1999
<TABLE>
<S> <C> <C>
KONINKLIJKE NUMICO N.V.
By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer
NUMICO INVESTMENT CORP.
By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President
NUMICO US, LP
By: Numico, Inc., its general partner
By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President
NUMICO, INC.
By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President
NUMICO NATIONAAL B.V.
By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
NUTRICIA HOLDINGS LTD.
By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: Director
NUTRICIA INTERNATIONAL B.V.
By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer
</TABLE>
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------------- ---------------------------------------------------------------------------------------------------
<S> <C>
(a)(1) Offer to Purchase, dated July 9, 1999.*
(a)(2) Form of Letter of Transmittal with respect to the Shares.*
(a)(3) Notice of Guaranteed Delivery.*
(a)(4) Form of letter, dated July 9, 1999, to brokers, dealers, commercial banks, trust companies and
other nominees.*
(a)(5) Form of letter to clients to be used by brokers, dealers, commercial banks, trust companies and
other nominees.*
(a)(6) Press release, dated July 5, 1999.*
(a)(7) Form of newspaper advertisement, dated July 9, 1999.*
(a)(8) IRS Guidelines to Substitute Form W-9.*
(a)(9) Press release, dated July 9, 1999.*
(a)(10) Press Release, dated August 6, 1999.
(b)(1) Commitment Letter, dated July 3, 1999, by and among ABN AMRO Bank N.V., J.P. Morgan Securities Ltd.
and Numico.*
(c)(1) Agreement and Plan of Merger, dated as of July 5, 1999, by and among the Company, Numico and the
Purchaser.*
(c)(2) Tender Agreement, dated as of July 5, 1999, by and among the Purchaser, Numico and certain
stockholders of the Company.*
(c)(3)(i) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and William E. Watts.*
(c)(3)(ii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Gregory T. Horn.*
(c)(3)(iii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Mike K. Meyers.*
(c)(3)(iv) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Donald G. Smith.*
(c)(3)(v) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and David R. Heilman.*
(c)(3)(vi) Employment Agreement, dated July 5, 1999, by and among Numico, the Purchaser and Michael Locke.*
(c)(3)(vii) Employment Agreement, dated July 5, 1999, by and among Numico, the Purchaser and Reginald N.
Steele.*
(c)(3)(viii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and John A. DiCecco.*
(c)(3)(ix) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Edwin J. Kozlowski.*
(c)(3)(x) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Russell L. Cooper.*
(c)(4) Non-Competition and Non-Solicitation Agreement, dated July 5, 1999, by and among Numico, the
Company and Gregory T. Horn.*
</TABLE>
- ------------------------
*Previously filed.
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------------- ---------------------------------------------------------------------------------------------------
<S> <C>
(c)(5)(i) Confidentiality Agreement, dated May 26, 1999, by and between Numico and the Company.*
(c)(5)(ii) Confidentiality Agreement, dated May 26, 1999, by and between the Company and Numico.*
(c)(6) Benefits Letter, dated July 5, 1999, by and between the Company and Numico.*
(d) None.
(e) Not Applicable.
(f) None.
</TABLE>
- ------------------------
*Previously filed.
<PAGE>
EXHIBIT (A)(10)
<TABLE>
<S> <C> <C>
CONTACTS: Royal Numico N.V.
Klaas de Jong
31-79-353-9028
[email protected]
Media: BSMG Worldwide
Edward Nebb, 212-445-8213
Lavine Surtani,
212-445-8262
[email protected]
</TABLE>
ROYAL NUMICO N.V. COMPLETES CASH TENDER OFFER
FOR GNC SHARES
Zoetermeer, The Netherlands, August 6, 1999-Royal Numico N.V. ("Numico")
(Amsterdam Stock Exchange: NUTV) today announced the expiration of its
previously announced cash tender offer to purchase all outstanding shares of
common stock, par value $0.01 per share, of General Nutrition Companies, Inc.
("GNC") (Nasdaq: GNCI) at a price of $25.00 per share, net to the seller in
cash, without interest thereon. The tender offer was made through Numico's
indirect wholly-owned subsidiary, Numico Investment Corp.
The tender offer expired, as scheduled, at 12:00 Midnight, New York City
time, on Thursday, August 5, 1999.
As of the expiration of the tender offer, based on information provided by
the depositary for the tender offer, approximately 63,136,906 shares,
representing approximately 92.8 percent of GNC's issued and outstanding shares
of common stock, were validly tendered and not withdrawn. The shares of common
stock tendered include approximately 3,136,125 shares tendered pursuant to
Notices of Guaranteed Delivery. Pursuant to the terms of the offer, Numico
accepted for payment, and will promptly pay for, all shares of common stock
validly tendered and not withdrawn in the offer. Numico will acquire the
remaining outstanding shares of GNC common stock pursuant to a merger of Numico
Investment Corp. with and into GNC. As a result of the merger, the remaining
outstanding shares of GNC common stock (except for shares owned by GNC or held
by stockholders exercising dissenters' rights) will be converted into the right
to receive $25.00 in cash, without interest, and GNC will thereby become an
indirect wholly-owned subsidiary of Numico.
Royal Numico N.V. (www.numico.com), headquartered in Zoetermeer, The
Netherlands, is a holding company of a group of leaders in specialized
nutrition, such as Nutricia, Milupa and Cow & Gate. Numico concentrates on the
development, manufacture and sale of specialized nutrition products, based upon
medical scientific concepts with a high added value. The company operates in
more than 40 countries, including major market centers in Europe, including
Russia; Turkey; and the Pacific Rim, ranging from China to New Zealand. Numico
had net sales of US $1.84 billion and operating income of US $245 million for
the year ended December 31, 1998.
General Nutrition Companies, Inc. (www.gnc.com), based in Pittsburgh, PA, is
the only nationwide specialty retailer of vitamin and mineral supplements,
sports nutrition and herbal products and is also a leading provider of personal
care, fitness and other health related products. The company's products are sold
through a network of 4,203 retail stores operating under the General Nutrition
Centers, Health & Diet Center and GNC Live Well names, of which 2,726 are
company-owned and 1,477 are franchised. The Company's stores are located in all
50 states, Puerto Rico and 25 foreign markets. For the fiscal year ended
February 6, 1999, GNC had net revenue of US $1.42 billion and net earnings of
approximately US $91.0 million.
<PAGE>
This press release is neither an offer to purchase nor a solicitation of an
offer to sell securities. The tender offer is made solely through the Offer to
Purchase, dated July 9, 1999, and the related Letter of Transmittal which has
been mailed to stockholders. The offer is not being made to (nor will tenders be
accepted from or on behalf of) holders of common stock of GNC in any
jurisdiction in which the making of the offer or the acceptance thereof would
not be in compliance with the laws of such jurisdiction. In any jurisdiction
where the securities, blue sky or other laws require the offer to be made by a
licensed broker or dealer, the offer shall be deemed to be made on behalf of
Numico by J.P. Morgan Securities Inc. or one or more registered brokers or
dealers licensed under the laws of such jurisdiction. Additional copies of such
documents can be obtained by contacting J.P. Morgan Securities Inc., the Dealer
Manager, at (212) 648-6926 or MacKenzie Partners, the Information Agent, at
(800) 322-2885.
