Crest Packaging PLC - Offer Wholly Unconditional

RNS No 6712w
CREST PACKAGING PLC
26th January 1999

  Angley Holdings PLC ("Angley Holdings" or the "Offeror")
                 Recommended cash offer for
           Crest Packaging plc ("Crest Packaging")
             Offer unconditional in all respects
                              
Angley  Holdings announces that its recommended  cash  offer
for Crest Packaging has become unconditional in all respects
and will remain open until further notice.

Crest  Packaging shareholders who have, as yet, not accepted
the  Offer should despatch their Forms of Acceptance as soon
as  possible.   Angley intends to exercise its  right  under
sections  428-430F of the Companies Act 1985 (the "Act")  to
compulsorily   acquire  the  outstanding  shares.    Notices
effecting the compulsory purchase will be posted to  holders
of the remaining Crest Packaging Shares in due course.

Crest  Packaging will apply for cancellation of the  listing
of Crest Packaging Shares on the Official List of the London
Stock Exchange, and Crest Packaging will be re-registered as
a private limited company under the Act.

Consideration in respect of acceptances which  are  complete
in  all respects and which have been received by 12.00  noon
today   will   be  despatched  by  Wednesday   27   January.
Consideration  in respect of further acceptances  which  are
complete in all respects which are received after this  date
will  be  despatched within 14 days from the  date  of  such
receipt.



Press Enquiries

For further information contact:

Angley Holdings:    Rodney Webb              01634  234 444
Ernst & Young:      Richard Haycocks         0171 928 2000



Definitions  used  in  the  Offer  Document  have  the  same
meanings  in this announcement, unless the context otherwise
requires.

Ernst & Young of Becket House, 1 Lambeth Palace Road, London
SE1   7EU  is  authorised  by  the  Institute  of  Chartered
Accountants  in  England  & Wales  to  carry  on  investment
business.   Ernst & Young is acting for the Offeror  and  no
one  else  in  connection with the Offer  and  will  not  be
responsible  to anyone other than the Offeror for  providing
the  protections afforded to customers of Ernst & Young  nor
for giving advice in relation to the Offer, the contents  of
this announcement or any arrangement referred to herein.

Ernst  &  Young  have  approved  this  announcement  as   an
investment advertisement solely for the purposes of  section
57 of the Financial Services Act 1986.

The Directors of Angley Holdings, whose names are Rodney A J
Webb and Dr Annalisa Sartori, accept responsibility for  the
information contained in this announcement.  To the best  of
the knowledge and belief of the directors of Angley Holdings
(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.

Neither the Offer nor the Loan Note Alternative will be made
available,  directly or indirectly, in or  into  the  United
States, Canada, Australia or Japan.

END

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