Dec 16 (Reuters) - EP Corporate Group?:

* EP CORPORATE GROUP INTERNATIONAL DISTRI VESA EQUITY INV.

-

UPDATE REGARDING UNDERTAKINGS TO UK GOVERNMENT

* EP CORP- ENTERED INTO LEGALLY BINDING UNDERTAKINGS,

CONDITIONAL

UPON COMPLETION OF ACQUISITION

* EP CORP: UNDERTAKINGS INCLUDE ROYAL MAIL WOULD CONTINUE AS

UK'S

UNIVERSAL SERVICE PROVIDER

* EP CORP - AGREED UNDERTAKING IS NO LONGER LIMITED TO A

FIVE YEAR

PERIOD

* EP CORP: UNDERTAKINGS INCLUDE THAT THERE WOULD BE NO

CHANGE IN

CONTROL OF GLS OR ROYAL MAIL FOR 3 YEARS AFTER COMPLETION OF

DEAL

* EP CORP - FOR FIVE YEAR PERIOD, TO ENSURE THAT IDS AND

ROYAL

MAIL MAINTAIN THEIR HEADQUARTERS IN UK

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