RNS Number:1161L
Chesterton International PLC
14 May 2003

14 May 2003

Chesterton International PLC ("Chesterton" or the "Company")



On 1 May 2003, Neil List and Mike Backs announced details of a third party
interest in a possible offer for Chesterton. Since that announcement there has
been much press comment and speculation about a possible offer for Chesterton
from a party other than Phoenix Acquisitions Limited ("PAL").

The Company confirms that after the announcement of the offer to be made by PAL,
which was made on 17 April 2003, a UK quoted company was granted access to the
same information as that provided to PAL.

That party has today confirmed to Chesterton that it is no longer proceeding
with its interest and has formally withdrawn.

As announced this morning, the majority of the Board will be writing to
Chesterton shareholders shortly in response to the letter from Neil List and
Mike Backs which was sent out today.

Enquiries:
Chesterton                                              020 7554 1400
Peter Brooks, Chairman

Close Brothers                                          020 7655 3100
Peter Alcaraz

Gavin Anderson                                          020 7554 1400
Howard Lee
Lindsey Harrison



Close Brothers Corporate Finance Limited is acting for Chesterton and no-one
else in connection with the offer by PAL and will not be responsible to anyone
other than Chesterton for providing the protections afforded to customers of
Close Brothers Corporate Finance Limited nor for providing advice in relation to
the offer by PAL.


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