RNS Number:8911L
Moray Limited
04 June 2003

Not for release, publication or distribution, in whole or in part, in or into
Canada, Australia or Japan



FOR IMMEDIATE RELEASE
                                                               4 June 2003



                           Recommended cash offer for
                               Fitness First Plc
                           on behalf of Moray Limited
                      a company formed at the direction of
                                 Cinven Limited

                  Extension of Offer and level of acceptances

On 10 April 2003, Moray, a company formed at the direction of Cinven, announced
the terms of a recommended cash offer for Fitness First.  The Offer was made by
UBS Warburg on behalf of Moray by means of an Offer Document published on 10
April 2003.

Moray announces that, as at 3.00 p.m. London time on 3 June 2003, valid
acceptances of the Offer had been received in respect of a total of 82,605,218
Fitness First Shares, representing approximately 71.35 per cent. of the issued
share capital of Fitness First.  These figures include acceptances of the Offer
received pursuant to irrevocable undertakings given by the Fitness First
Directors (with the exception of James McGoldrick) and certain other Fitness
First Shareholders (as set out in the Offer Document) in respect of aggregate
holdings amounting to 17,845,404 Fitness First Shares, representing in aggregate
approximately 15.4 per cent. of the issued share capital of Fitness First. In
addition, James McGoldrick has irrevocably agreed, subject to the Offer becoming
or being declared unconditional in all respects, to sell to Portrush (a member
of the Moray Group), outside the terms of the Offer, his 3,100,000 Fitness First
Shares representing approximately 2.7 per cent. of the issued share capital  of
Fitness First.

Moray announces that it is extending the Offer and that the next closing date
will be 1.00 pm London time on 9 June 2003.

Save as disclosed above, neither Moray nor any person acting, or deemed to be
acting, in concert with Moray holds any Fitness First Shares (or rights over any
Fitness First Shares) or has acquired or agreed to acquire Fitness First Shares
during the Offer Period.

Fitness First Shareholders who wish to accept the Offer, and who have not done
so, should complete their form(s) of acceptance as soon as possible, in
accordance with the instructions printed thereon, whether or not their Fitness
First Shares are in CREST, and return them, as soon as possible, to the
receiving agents to the Offer, Capita IRG Plc at Corporate Actions, PO Box 166,
The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TH. Additional forms of
acceptance are available from Capita IRG Plc, by telephoning 0870 162 3100 (if
calling from within the UK) or +44 208 639 2157 (if calling from overseas).

Enquiries:

UBS Warburg                                 Telephone: +44 (0)20 7567 8000
Michael Lacey-Solymar

Financial Dynamics                          Telephone: +44 (0)20 7831 3113
Edward Bridges


Definitions used in the Offer Document dated 10 April 2003 apply also to this
announcement unless the context otherwise requires.

Unless otherwise determined by Moray, the Offer is not being made, directly or
indirectly, in or into Canada, Australia or Japan and will not be capable of
acceptance from these jurisdictions.  Accordingly, neither this announcement nor
the Offer Document nor the Form of Acceptance is being, and must not be, mailed
or otherwise forwarded, transmitted, distributed or sent in, into or from
Canada, Australia or Japan. Doing so may render invalid any purported acceptance
of the Offer.  All Fitness First Shareholders or other persons (including
nominees, trustees and custodians) who would or otherwise intend to, or may have
a contractual or legal obligation to, forward this announcement or the Offer
Document or the Form of Acceptance to any jurisdiction outside the United
Kingdom and/or the United States should refrain from doing so and seek
appropriate professional advice before taking any action.

UBS Warburg is acting for Moray in connection with the Offer and no one else and
will not be responsible to anyone other than Moray for providing the protections
offered to clients of UBS Warburg nor for providing advice in relation to the
Offer.

The Moray Directors listed in the Offer Document accept responsibility for the
information contained in this advertisement and, to the best of their knowledge
and belief, having taken all reasonable care to ensure that such is the case,
such information 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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