RNS Number:9722I
Haslemere N.V.
20 March 2003

                                                        Rotterdam, 20 March 2003

                                 PRESS RELEASE


Haslemere N.V. announces that it has bought in for cancellation a further
GBP31.0 million of the GBP200 million 6.25% First Mortgage Debenture Bonds 2024
issued in 1999 by its Jersey subsidiary, Haslemere Jersey Finance Ltd. Together
with the GBP25.5 million announced on 11 March 2003, this brings the total
bought in for cancellation to GBP56.5 million.

Following cancellation, GBP143.5 million of the Bonds will remain outstanding.

For further information contact:

Haslemere N.V.
Andrew Kearley, Finance Director                       +44 (0)20 7467 4500
Constantijn van Rietschoten, Investor Relations        +31 (0)10 201 36 21

Gavin Anderson & Company
Charlotte Stone                                        +44 (0)20 7554 1400

Website : www.haslemerenv.com


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