Withdrawal of possible offer for Optare plc

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29 December 2011

FOR IMMEDIATE RELEASE

WITHDRAWAL OF POSSIBLE OFFER FOR OPTARE PLC

The board of Alexander Dennis Limited ("ADL") announces that, after careful
consideration, it has withdrawn its interest in considering making an offer for
the entire issued share capital of Optare plc ("Optare").

Following the announcement yesterday that ADL might be prepared to consider
making an offer, ADL was advised by Optare's financial adviser, Cenkos
Securities plc, that "We have received confirmation from Ashok Leyland Limited
that it has no intention of selling its stake in Optare to anyone at any
price." As Ashok holds 26% of the issued share capital of Optare and ADL has
been unable to obtain any of the information on Optare requested on 23 December
2011, the board of ADL has concluded that it will not pursue further its
possible interest.

This announcement is made in accordance with Rule 2.8 of the Takeover Code.

Enquiries:

Alexander Dennis Limited                           0148 357 1271

Bill Simpson                                       0776 699 5000

Noble Grossart Limited                             0131 226 7011
Todd Nugent

Cardew Group                                       0207 930 0777
Rob Ballantyne
Shan Shan Willenbrock
Georgina Hall


Noble Grossart Limited ("Noble Grossart") is authorised and regulated by the
Financial Services Authority in the United Kingdom. Noble Grossart is acting
for ADL and no-one else in relation to the subject matter of this announcement
and will not be responsible to anyone other than ADL for providing the
protections afforded to clients of Noble Grossart and for providing advice in
relation to the subject matter of this announcement.

In accordance with Rule 30.4 of the Code, a copy of this announcement will be
published on the Company's website at www.alexander-dennis.com.