RNS Number:6263K
Chesterton International PLC
01 May 2003

This announcement is not for release, publication or distribution in or into the
                   United States, Canada, Australia or Japan



For immediate release



1 May 2003



IN RELATION TO THE RECOMMENDED CASH OFFER FROM PHOENIX ACQUISITIONS LIMITED FOR
THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF CHESTERTON INTERNATIONAL PLC

Neil List and Mike Backs, the Chief Executive Officer and Chief Operating
Officer of Chesterton International plc (the "Company"), understand that Phoenix
Acquisitions Limited is about to post to Chesterton shareholders an offer
document in respect of its cash offer for the entire issued and to be issued
share capital of the Company ("the Offer").

Neil List and Mike Backs confirm that they will be writing to shareholders
shortly to explain more fully their dissenting views in respect of the Offer,
and why they believe such an offer does not represent full value for the
Company's shares.

However, they feel that shareholders of the Company should be aware, in advance
of receiving that document, that the Board of the Company has received an
approach from a third party requesting the opportunity to carry out due
diligence on the Company with a view to establishing whether such party might
wish to make an offer for the entire issued share capital of the Company.
Although such due diligence has commenced, shareholders of the Company should be
aware that this expression of interest is at a preliminary stage and there is no
guarantee that such approach will lead to a further offer being made for the
entire issued share capital of the Company.

Neil List and Mike Backs strongly advise shareholders to take no action in
respect of the Offer until they have received the further information from them.


ENQUIRIES:

Neil List                                                     Tel: 020 7312 5420
Mike Backs                                                    Tel: 020 7312 5481

Numerica Capital Markets Limited                              Tel: 020 7467 4000
Shirin Gandhi


College Hill                                                  Tel: 020 7457 2002

Gareth David

Matthew Gregorowski



Numerica Capital Markets Limited, which is regulated in the UK by the Financial
Services Authority, has approved this document solely for the purpose of Section
21 of the Financial Services and Markets Act 2000. Numerica Capital Markets
Limited is acting exclusively for Neil List and Mike Backs, as dissenting
directors of the Company, and no one else in connection with the offer and will
not be responsible to anyone other than Neil List and Mike Backs for providing
the protections afforded to customers of Numerica Capital Markets Limited or for
providing advice in relation to the Offer or any other matter referred to in
this announcement.

Neil List and Mike Backs accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of Neil List and
Mike Backs (who have taken all reasonable care to ensure that such is the case)
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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