PHH Corporation - Common Stock

NYSE: PHH
Cusip # 693320202

Contra-Cusip #: 693SMK995

Updated on: 6/27/2005

*** OFFER TO PURCHASE ***

SMK Information Service has extended its offer to purchase shares of PHH Corporation common stock (Cusip # 693320202) (Contra-Cusip # 693SMK995) (NYSE: PHH) from holders of 1 or more shares, but fewer than 100 shares (1 - 99), held as of the record date 6/17/2005. 
     TERMS: Holders will receive the price per share determined at the close of business on the date of transfer less a processing fee of $1.50 per share. 
     This offer will expire on 1/10/2006 (5:00 PM Eastern Time Zone). There is no protect period or withdrawal privilege available. 
     A maximum number of 5000 shares per week will be accepted on a first come basis, any shares exceeding this number will be carried over to the following week. SMK Information Services reserves the rights to extend, amend, and/or terminate the program at any time with or without notice, as well as the right to reject or waive any irregularities of any transmittal not in proper order. 
     Holders may purchase shares to increase holdings to 100 shares, no deposit is required. The price per share will be determined on a transaction-by-transaction basis, plus a $1.50 per share processing fee.

Click here to view the complete offer. 

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