RNS Number:1986K
Bullough PLC
17 April 2003


Bullough plc - Response to Cash Offer by Montpellier Group plc

The Board of Bullough plc ('Bullough' or the 'Company') notes the announcement
by Montpellier Group plc ('Montpellier') of a conditional cash offer for
Bullough of 12 pence per Bullough share by Tobull Limited, a wholly owned
subsidiary of Montpellier.  Montpellier has an existing 29.9% shareholding in
Bullough and is represented on the Board of Bullough.

The Board of Bullough (other than P Gyllenhammer, a director of Montpellier)
(the "Independent Directors") and their advisers consider this offer to be
inappropriate at this present time.  Shareholders are strongly recommended to
take no action in respect of their Bullough shares and not to sign any documents
until they receive advice from the Independent Directors.    The Independent
Directors will be writing to all shareholders shortly with their views on this
offer.



Enquiries

Howard Marshall                    Bullough                      01372 379088
Richard Welton                     Arbuthnot                     0121 710 4501



Responsibility Statement

The Independent Directors of Bullough accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
Independent Directors of Bullough (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.



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