RNS Number:4818L
Chesterton International PLC
23 May 2003


                                                                     23 May 2003


                          CHESTERTON INTERNATIONAL PLC


           STATEMENT RE: ACCEPTANCE OF OFFER BY PHOENIX ACQUISITIONS


Chesterton International plc (''Chesterton'') notes the announcement made by
Phoenix Acquisitions Limited (''Phoenix'') that it has received acceptances
amounting to approximately 54.4% of the Company's issued share capital.


The majority of the Board is pleased to note that shareholders holding over 50%
of its shares have decided to accept the Offer by Phoenix. The Phoenix Offer is
the only offer available to Chesterton shareholders and the majority of the
Board continues to firmly recommend it and urges other shareholders to accept.


ENQUIRIES:

Close Brothers Corporate Finance Limited              Tel: 020 7655 3100
Peter Alcaraz, Managing Director

Gavin Anderson & Company                              Tel: 020 7554 1400
Howard Lee / Lindsey Harrison


Close Brothers Corporate Finance Limited which is regulated by The Securities
and Futures Authority Limited in the United Kingdom, is acting for Chesterton
and no-one else in connection with the offer by Phoenix Acquisitions Limited
("the Offer") 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.







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

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