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Source : Business Wire Blackstone Denies Rumors of Rio Tinto Bid London, United Kingdom, New York, United States -- (Business Wire India) -- Tuesday, December 11, 2007 10:21:59 AM Following an article entitled "Blackstone Planning Break-up Bid for Rio", in yesterday's Daily Telegraph, The Blackstone Group (BX: NYSE) has consulted with the U.K. Takeover Panel and told them that there is no truth to this story. Blackstone can also confirm that it is not involved in this transaction in either an investment or advisory role. The Panel Executive has confirmed that this is not a statement to which Rule 2.8 of the Takeover Code applies. Media Contact Details CONTACT: The Blackstone Group New York John Ford +1 212-583-5559 ford@blackstone.com or London Sophia Harrison +44 (0)20 7451 4295 Harrison@blackstone.com CONTACT: The Blackstone Group New York John Ford +1 212-583-5559 ford@blackstone.com or London Sophia Harrison +44 (0)20 7451 4295 Harrison@blackstone.com http://www.businesswire.com Submit your press release at http://www.businesswireindia.com