CLB Capital Bars

RNS Number:6074P
Full Circle Investments PLC
7 January 2002

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




                 FULL CIRCLE INVESTMENTS PLC ("FULL CIRCLE")

      RECOMMENDED OFFER ("OFFER") FOR CAPITAL BARS PLC ("CAPITAL BARS").

                 OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS



By 3.00 p.m. on 7 January, 2002, Full Circle had received acceptances of the
Offer, which are valid in all respects, from the holders of 26,327,499 Capital
Bars Shares representing approximately 78 per cent. of the existing issued
share capital of Capital Bars. Of the total number of acceptances, elections
for the Loan Note Alternative have been received in respect of 4,637,011
Capital Bars Shares representing approximately 13.7 per cent of the issued
share capital of Capital Bars.

As all conditions, other than the Acceptance condition, which is hereby
waived, have been met the Offer is now declared unconditional in all respects.

Taking into account the additional 23.5 million Capital Bars Shares due to be
issued under the terms of the 1999 agreement between Capital Bars and William
and Desmond O'Dwyer (the shareholders of Full Circle) and others, Full Circle
and its associates would have a potential interest in excess of 86 per cent of
the enlarged share capital of Capital Bars.

The closing date for the Offer has been extended to 3.00pm on 21 January 2002
in accordance with the Rules of the Takeover Panel.

Capital Bars will now apply to the London Stock Exchange for trading in
Capital Bars Shares to be cancelled and to the UK Listing Authority and to the
Irish Stock Exchange for the Capital Bars Shares to be delisted. It is
anticipated that such cancellation and delisting will take from 5 February,
2002. It is also intended that Capital Bars will be re-registered as a private
company.

As at 7 December 2001, the date of announcement of the Offer, Full Circle had
received irrevocable undertakings to accept the Offer in respect of 16,062,791
Capital Bars Shares, representing approximately 48 per cent. of the issued
share capital of Capital Bars. Full Circle has received valid acceptances in
respect of substantially all of the Capital Bars Shares subject to those
irrevocable undertakings and these are included in the acceptance levels
reported above.

Prior to the commencement of the Offer Period on 19 November 2001, persons
acting or deemed to be acting in concert with Full Circle did not own any
Capital Bars Shares (or rights over such shares). Since that date neither Full
Circle nor any person acting in concert with it has acquired or agreed to
acquire any Capital Bars Shares (or rights over such shares).



Dated 7 January 2002



Enquiries:



Ivan Murphy

Davy Corporate Finance Limited                         353 1 679 6363



The directors of Full Circle Investments take responsibility for the contents
of this announcement. To the best of the knowledge and belief of the directors
all of the information contained in this document is in accordance with the
facts and does not omit anything likely to affect the import of such
information.

Davy Corporate Finance Limited, which is regulated in Ireland by the Central
Bank of Ireland, is acting exclusively for Full Circle Investments and no-one
else in connection with the Offer and will not be responsible to anyone other
than Full Circle Investments for providing the protection afforded to its
customers nor for providing advice in relation to the Offer.

The Offer is not being made, directly or indirectly, in or into, or by the use
of the mails of, or by any means or instrumentality (including, without
limitation, telephonically or electronically) of interstate or foreign
commerce of, or any facilities of a national securities exchange of, the
United States, or in or into Canada, Australia or Japan and the Offer should
not be accepted by any such use, means, instrumentality or facility or from
within the United States, Canada, Australia or Japan.

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