1
NOTICE OF GUARANTEED DELIVERY
FOR
ALL OF THE OUTSTANDING SHARES OF
CLASS A COMMON STOCK AND CLASS B COMMON STOCK
OF
BLOCK DRUG COMPANY, INC.
AT
$53.00 NET PER SHARE
BY
SB ACQUISITION CORP.
A WHOLLY-OWNED SUBSIDIARY OF
SMITHKLINE BEECHAM PLC
As set forth in Section 3 of the Offer to Purchase (as defined below), this
form, or a form substantially equivalent to this form, must be used to accept
the Offer (as defined below) if the certificates representing shares of Class A
common stock, par value $.10 per share, and/or Class B common stock (as
appropriate), par value $.10 per share (the "Class A Stock" and the "Class B
Stock," respectively, and collectively, the "Shares"), of Block Drug Company,
Inc., a New Jersey corporation (the "Company"), are not immediately available or
time will not permit all required documents to reach HSBC Bank USA (the
"Depositary") prior to the Expiration Date (as defined in the Offer to Purchase)
or the procedures for book-entry transfer cannot be completed on a timely basis.
Such form may be delivered by hand or transmitted by facsimile transmission or
mailed to the Depositary and must include a guarantee by an Eligible Institution
(as defined in the Offer to Purchase). See Section 3 of the Offer to Purchase.
The Depositary for the Offer is:
HSBC BANK USA
By Mail, Hand or Courier:
HSBC Bank USA
Issuer Services
140 Broadway, Level A
New York, New York 10005-1180
By Facsimile Transmission:
(For Eligible Institutions Only)
(212) 658-2292
Confirm Facsimile Transmission
By Telephone Only:
(800) 662-9844
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS SET
FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE NUMBER OTHER THAN
AS LISTED ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
1
2
LADIES AND GENTLEMEN:
The undersigned hereby tenders to SB Acquisition Corp., a New Jersey
corporation ("Purchaser") and a wholly-owned subsidiary of SmithKline Beecham
plc, a public limited company organized under the laws of England and Wales
("Parent"), upon the terms and subject to the conditions set forth in the Offer
to Purchase, dated October 19, 2000 (the "Offer to Purchase"), and the related
Letter of Transmittal (which, as amended or supplemented from time to time,
together constitute the "Offer"), receipt of which is hereby acknowledged, the
number of Shares indicated below pursuant to the guaranteed delivery procedure
set forth in Section 3 of the Offer to Purchase.
Number of Class A Shares:
- --------------------------------------------------------------------------------
Share Certificate Numbers (if available):
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Number of Class B Shares:
- --------------------------------------------------------------------------------
Share Certificate Numbers (if available):
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
If Shares will be delivered by book-entry transfer:
Account Number:
- --------------------------------------------------------------------------------
Date: , 2000
Name(s) of Record Holder(s):
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PLEASE TYPE OR PRINT
Address(es):
- --------------------------------------------------------------------------------
Zip Code
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Telephone Number:
- --------------------------------------------------------------------------------
AREA CODE
Signature(s):
- --------------------------------------------------------------------------------
2
3
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a participant in the Security Transfer Agents Medallion
Program, the New York Stock Exchange Medallion Signature Guarantee Program or
the Stock Exchange Medallion Program (each, an "Eligible Institution"), hereby
guarantees that either the certificates representing the Shares tendered hereby
in proper form for transfer or timely confirmation of a book-entry transfer of
such Shares into the Depositary's account at the Book-Entry Transfer Facility
(as defined in and pursuant to procedures set forth in Section 3 of the Offer to
Purchase), together with a properly completed and duly executed Letter of
Transmittal (or facsimile thereof) with any required signature guarantees (or,
in the case of a book-entry transfer, an Agent's Message (as defined in the
Offer to Purchase)) and any other documents required by the Letter of
Transmittal, will be received by the Depositary at one of its addresses set
forth above within three (3) New York Stock Exchange Inc. trading days after the
date of execution hereof.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal,
certificates for Shares and/or any other required documents to the Depositary
within the time period shown above. Failure to do so could result in a financial
loss to such Eligible Institution.
Name of Firm:
- --------------------------------------------------------------------------------
Address:
- --------------------------------------------------------------------------------
ZIP CODE
Area Code and Telephone Number:
- --------------------------------------------------------------------------------
AUTHORIZED SIGNATURE
Name:
- --------------------------------------------------------------------------------
PLEASE TYPE OR PRINT
Title:
- --------------------------------------------------------------------------------
Dated: [ ], 2000
NOTE: DO NOT SEND CERTIFICATES FOR SHARES WITH THIS NOTICE OF GUARANTEED
DELIVERY. CERTIFICATES FOR SHARES ARE TO BE DELIVERED WITH THE LETTER OF
TRANSMITTAL.
3