International Mining Machinery (HKG:1683) (IMM) announced that the offeror, Joy Global, will extend the acceptance period for the share offer to 4:00 p.m. on 10 February 2012 to provide more time for the shareholders of IMM to accept the share offer.

As at 4:00 p.m. on 3 February 2012, Joy Global had received valid acceptances of the share offer in respect of 370 million IMM shares (representing 28.5% of the total issued share capital of IMM), and valid acceptances of the option sffers in respect of 18 million share options (representing 100% of all outstanding share options).

Taking into account Joy Global's acquisition of a total of 366 million IMM shares in the period from 29 July 2011 to 7 September 2011, Joy Global's acquisition of 535 million IMM shares pursuant to completion of the share purchase agreement on 30 December 2011, and valid acceptances in respect of 370 million IMM shares under the share offer, Joy Global is interested in an aggregate of 1.271 billion IMM shares, representing 97.7% of all of the issued share capital of IMM.

As Joy Global has acquired not less than 90% of the disinterested shares within four months of the making of the share offer, Joy Global intends to compulsorily acquire those IMM shares which were the subject of the share offer and which have not been or are not acquired by Joy Global under the share offer.