IRVING, TEXAS (May 3, 2006) – DynCorpInternational Inc. announced today the initial public offering of25.0 million of its Class A common shares at a price of $15.00 pershare. Shares of DynCorp International’s Class A common stock willbe traded on the New York Stock Exchange under the symbol “DCP.” Inaddition, DynCorp International has granted the underwriters a30-day over-allotment option to purchase an additional 3,750,000shares.
The offering was made through an underwriting syndicate led byCredit Suisse Securities (USA) LLC and Goldman, Sachs & Co.,who acted as joint book-running managers. Bear, Stearns & Co.Inc. acted as co-lead manager. CIBC World Markets Corp., JefferiesQuarterdeck (a division of Jefferies & Company, Inc.), UBSSecurities LLC and Wachovia Capital Markets LLC acted asco-managers.
A registration statement relating to these securities was filedwith the Securities and Exchange Commission and declared effective.The offering is being made solely by means of a prospectus. Thispress release shall not constitute an offer to sell or thesolicitation of an offer to buy nor shall there be any sale ofthese securities in any state in which such offer, solicitation orsale would be unlawful prior to registration or qualification underthe securities laws of any such state. A copy of the finalprospectus relating to these securities may be obtained bycontacting the Credit Suisse Prospectus Department at1-800-221-1037 or 1-212-325-2580.
About DynCorp International
DynCorp International LLC, the operating company of DynCorpInternational Inc., provides specialized mission-critical technicaland professional services to civilian and military governmentagencies and commercial customers. Headquartered in Irving, Texas,DynCorp International employs more than 14,0000 people in 35countries. For additional information concerning the company, visitthe company’s Web site at http://www.dyn-intl.com/.
The statements in this press release that are not historical factare “forward-looking statements.” All of these forward-lookingstatements are based on estimates and assumptions made by thecompany’s management that, although believed by the company to bereasonable, are inherently uncertain. Forward-looking statementsinvolve risks and uncertainties, including, but not limited to,economic, competitive, governmental, and technological factorsoutside of its control that may cause its business, strategy oractual results to differ materially from the forward-lookingstatements. These risks and uncertainties may include, among otherthings: changes in the demand for services which the companyprovides; the activities of competitors; changes in significantoperating expenses; changes in availability of capital; generaleconomic and business conditions in the United States; acts of waror terrorist activities; variations in performance of financialmarkets; and other factors described in the “Risk Factors” sectionin the company’s Form S-1 filed with the Securities and ExchangeCommission on May 3, 2006. Given these risks and uncertainties, youare cautioned not to place undue reliance on forward-lookingstatements. The company undertakes no obligation to publicly updateor revise any forward-looking statement as a result of newinformation, future events or otherwise, except as required bylaw.