Response to Acceptances

RNS Number:4449U
Nationwide Accident Repair Srvs PLC
12 April 2002

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan





PRESS ANNOUNCEMENT


FOR IMMEDIATE RELEASE


12 April 2002



NATIONWIDE ACCIDENT REPAIR SERVICES PLC
("NATIONWIDE" OR THE "COMPANY")



RESPONSE TO BIDDERS' LEVEL OF ACCEPTANCES


The Board of Nationwide notes today's statement by Strand Partners Limited, on
behalf of Guinness Peat Group plc and JO Hambro Capital Management Limited
(together the "Bidders"), that they have received acceptances for their Offer in
respect of only 62,114 shares equating to just 0.23 per cent. of the total
issued share capital of Nationwide.


The Board of Nationwide further notes that the Bidders have had to extend their
deadline for acceptance of the Offer until 26 April 2002.  The Board continues
to advise shareholders to reject the Offer which, as previously stated, it
regards as derisory and a waste of management's time and of shareholders'
resources.


Nationwide's Chief Executive, Adrian Dunleavy, said:


"Shareholders have clearly demonstrated their contempt for the Offer and their
support for the Board's belief that the UK's largest crash repair business is
worth more than 79p a share.  Shareholders should not pay any attention to the
bidders' claims about our balance sheet - it has been thoroughly assessed by our
new auditors.  I urge shareholders to continue to ignore the Offer which
fundamentally undervalues our Company."




Enquiries:


Nationwide                                             Tel:      01992 515235
Adrian Dunleavy, Chief Executive

Hawkpoint                                              Tel:      020 7665 4500
(Financial Adviser to Nationwide)
David Renton

College Hill                                           Tel:      020 7457 2020
(Public Relations Adviser to Nationwide)
Richard Pearson
Gareth David



Hawkpoint Partners Limited ("Hawkpoint"), which is regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for
Nationwide in connection with the Offer and for nobody else and will not be
responsible to anyone other than Nationwide for providing the protections
afforded to the customers of Hawkpoint, nor for providing advice in relation to
the Offer or the contents of this announcement or any matter referred to herein.



The directors of Nationwide accept sole responsibility for the information
contained in this announcement.  To the best of the knowledge and belief of the
directors of Nationwide (who have taken all reasonable care to ensure that such
is the case), the information contained in this announcement for which they are
solely responsible is in accordance with the facts and does not omit anything
likely to affect the import of such information.



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

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