RNS Number:2679O
Merivale Moore PLC
04 August 2003


NOT FOR RELEASE IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
SINGAPORE

Nest Egg Limited ("Nest Egg")

Recommended Cash Offer ("the Offer") for Merivale Moore plc ("Merivale Moore")


88.93 % Acceptances, Offer extended

Nest Egg announces that the Offer has been extended for 14 days and therefore
remains open for acceptance until 3.00 p.m.on 15 August 2003. Merivale Moore
Shareholders who have not yet accepted the Offer and who wish to do so are
strongly encouraged to take the necessary action set out in the Offer document.

Nest Egg announces that by 3.00 pm on 1 August 2003, valid acceptances had been
received in respect of 14,487,647 Merivale Moore Shares, representing 88.93 % in
nominal value of the Merivale Moore Shares to which the Offer relates. The Offer
has been extended and remains open for acceptance until 3.00pm on 15 August
2003.

At an Extraordinary General Meeting of Merivale Moore held on 28 July 2003
resolutions approving the Moorevale Disposal Agreements and the Charleswood
Disposal Agreements and the resolution approving the declaration and payment of
the Dividend were passed. Payment of the Dividend is conditional on the Offer
becoming or being declared wholly unconditional.

Prior to the announcement of the Offer, Merivale Moore had received irrevocable
undertakings to accept the Offer in respect of 10,270,037 Merivale Moore Shares,
representing approximately 52.88% of the issued share capital of Merivale Moore.
Valid acceptances under the Offer have been received in respect of all of these
shares and have been included in the total number of valid acceptances stated
above.

Prior to the commencement of the Offer Period, Nest Egg, its associates to whom
the Offer is not being made and parties acting in concert with Nest Egg for the
purposes of the Offer, owned or controlled 4,900,026 Merivale Moore Shares,
representing approximately 25.23% of the issued share capital of Merivale Moore.
Of these, 75,000 Merivale Moore Shares are held by Nest Egg and 3,053,849
Merivale Moore Shares are held by Grenville Dean and certain members of his
immediate family, to whom the Offer was not made. The remaining 1,771,177
Merivale Moore Shares have been included in the total number of valid
acceptances stated above.

Neither Nest Egg nor any persons deemed to be acting in concert with Nest Egg
have acquired or agreed to acquire any Merivale Moore Shares during the Offer
Period

Defined terms are defined in the Offer Document dated 11 July 2003 unless the
context otherwise requires

LCF Rothschild, which is regulated by the FSA, is acting for Nest Egg and no one
else in connection with the Offer and will not be responsible to any one other
than Nest Egg for providing the protections afforded to customers of LCF
Rothschild or for providing advice in relation to the Offer.

The Offer is not being made, directly or indirectly, in or into the United
States, Canada, Australia, Japan or Singapore. Accordingly, copies of this
announcement are not being sent and must not be mailed or otherwise distributed
in or into or from the United States, Canada, Australia, Japan or Singapore and
persons receiving this announcement must not distribute or send it into or from
such countries.


Enquiries:
LCF Rothschild Securities Limited

Edward Buchan:            Tel: 020 7845 5957
Andrew Hay:               Tel: 020 7845 5955


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

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