Statement re Possible Offer

    RNS Number : 3609D
  Creston PLC
  12 September 2008
   
 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

 12 September 2008

 FOR IMMEDIATE RELEASE

 Creston plc
 Possible Offer for Creston plc


    The Board of Creston plc ("Creston" or the "Company") has noted the recent share price movement, and confirms that it is in discussions
regarding a possible offer for the Company. There can be no certainty that an offer will ultimately be made. A further announcement will be
made when appropriate.

    END

    Dealing Disclosure Requirements

    Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested"
(directly or indirectly) in 1% or more of any class of "relevant securities" of Creston, all "dealings" in any "relevant securities" of that
company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement
will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an "interest" in "relevant securities" of Creston, they will be deemed to be a single person for the purpose of Rule
8.3. 

    Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Creston by Creston, or by any of its
"associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant
transaction.

    A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of
such securities in issue, can be found on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/new/.

    "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative referenced to, securities. 

    Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether
or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.

    Rothschild, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting for Creston plc and
no one else in relation to matters described in this announcement and will not be responsible to anyone other than Creston plc for providing
the protections afforded to clients of Rothschild nor for providing advice in relation to the matters described in this announcement.


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