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With more than 43,000 employees, Continental hashubs serving New York, Houston, Cleveland and Guam, and together withContinental Express, carries approximately 69 million passengers per year. Continental consistently earns awards and critical acclaim for both itsoperation and its corporate culture. For the fifth consecutive year, FORTUNEmagazine named Continental the No. 1 World's Most Admired Airline on its 2008list of World's Most Admired Companies. For more company information, ticketingand boarding passes, visit Booth, orPorter Novelli, On behalf of SojernAaron De Lucia, Copyright Business Wire 2009. BOSTON(Business Wire)Orthofix International N.V.
New York, NY 10022 Dear Jeffrey: I am writing on behalf of the Board of Directors of Orthofix International N.V.to express our fundamental disagreement with Ramiuss assertion that Orthofixsshareholders would benefit from the sale of the Blackstone Medical spinebusiness. We also believe that Ramiuss efforts to elect up to fourRamius-supported nominees to the Orthofix Board would damage shareholder value. As you know,Orthofix holds an annual meeting of shareholders each year in June A similarmeeting will be held in 2009. Thesepractices, and other elements of our corporate governance, are consistent withthe best practice guidance endorsed by corporate governance experts.Accordingly, we believe that your request for a special meeting would beduplicative, distracting to management and a waste of shareholder resources.After all, if a special meeting results from this process it will still benecessary for us to hold our required annual general meeting this year. Particularly in these challenging economic times, the Board and management teamof Orthofix are focused on ensuring that corporate resources are investedwisely. In contrast, the process of calling and holding the special meeting thatRamius is recommending would require unnecessary additional costs for all of ourshareholders.
