PBH Prestbury Hds

RNS Number:2126V
Prestbury Holdings PLC
20 April 2007

Prestbury Holdings plc ("Prestbury" or the "Company")

Further to the announcement of 1 March 2007 concerning the review of strategic
options, Prestbury confirms that PricewaterhouseCoopers LLP has been appointed
as financial adviser to the Company. Prestbury has received a number of
approaches from parties interested in acquiring the Company and expects due
diligence to begin shortly.

The board emphasises that there can be no certainty that any offer will
ultimately be made, nor the terms on which any such offer may be made.

Shareholders will be kept informed as appropriate.


END



Dealing disclosure requirements



Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
'interested' (directly or indirectly) in one per cent. or more of any class of '
relevant securities' of Prestbury, all 'dealings' in any 'relevant securities'
of Prestbury (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 the Offer becomes, or is
declared, unconditional as to acceptance, lapses or is otherwise withdrawn or on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 Prestbury they will be deemed
to be a single person for the purpose of Rule 8.3 of the City Code.

Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevant
securities' of Prestbury by Prestbury or by any of their respective 'associates'
must be disclosed by no later than 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 Panel's website at www.thetakeoverpanel.org.uk.

'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 reference to, securities.

Terms in quotation marks are defined in the City 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 of the City Code, you should
consult the Panel.






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

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