RNS Number:1189M
Chesterton International PLC
10 June 2003


10 June 2003


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


On 6 June 2003, Phoenix Acquisitions Limited ("PAL") announced that, as at 3pm
on 5 June 2003, acceptances of its offer for the Company ("the Offer") had been
received in respect of approximately 61.79% of the Company's issued share
capital.

The offer from PAL remains the only offer available to shareholders. Chesterton
is not aware of any actual or potential competing proposal for the Company. Mr
List and Mr Backs have confirmed that they are not interested in any competing
proposal for the Company. Since the Offer was first announced on 17 April 2003,
over seven weeks ago, no competing offer has emerged and the majority of the
Board considers it highly unlikely that one will do so. As a result, the
majority of the Board continues to urge shareholders to accept the Offer.

In the offer document issued on 1 May 2003 in connection with the Offer,
Chesterton referred to lower activity in the commercial and residential markets
since the start of the year compared to the equivalent time last year and
further weakening in its core markets, particularly in London residential sales,
since the announcement of its interim results on 27 March 2003. Since 1 May
2003, the seasonal increase in activity which Chesterton has experienced in the
residential market in prior years has not materialised. Conditions also remain
uncertain in the commercial markets. This will adversely impact the Company's
financial performance for the year ending 30 June 2003.

The current uncertainty is damaging the Company. The majority of the Board
strongly urges shareholders to accept the Offer now.

ENQUIRIES:

Chesterton                                        Tel: 020 7457 2345
Peter Brooks, Chairman

Close Brothers Corporate Finance                  Tel: 020 7655 3100
Peter Alcaraz

Gavin Anderson                                    Tel: 020 7554 1400
Howard Lee
Lindsey Harrison


The directors of Chesterton (with the exception of Mr List and Mr Backs) accept
responsibility for the information contained in this announcement. To the best
of the knowledge and belief of the directors of Chesterton (with the exception
of Mr List and Mr 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.

Close Brothers Corporate Finance Limited is acting for Chesterton and no-one
else in connection with 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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