EC Approval

Compass Group PLC Granada Group PLC 29 June 2000 MERGER OF GRANADA GROUP PLC AND COMPASS GROUP PLC RECEIVES EUROPEAN COMMISSION APPROVAL Granada and Compass Group are pleased to announce today that they have received clearance from the European Commission for the proposed Merger. This clearance is an important step towards completing the proposed Merger which will create a world-leading hospitality group and a substantial independent media company, well positioned to be at the forefront of global consolidation and convergence in their respective industries. Outstanding conditions to the Merger include the approval of Granada and Compass Group shareholders at the extraordinary general meetings and court meetings to be held on Wednesday 5 July and the sanction of the court. Granada and Compass Group currently expect the Merger to be completed at the end of July. Enquiries: Granada Group PLC Compass Group PLC Gerry Robinson Francis Mackay Charles Allen Michael Bailey Henry Staunton Andrew Lynch 020 7451 3000 01932 573 000 Lazard Schroder Salomon Smith Barney John Dear Robert Swannell Nicholas Shott David Wormsley Robert Constant Simon Lindsay 020 7588 2721 020 7986 4000 Citigate Dewe Rogerson Hudson Sandler Ltd Jonathan Clare Michael Sandler Simon Rigby Nick Lyon Chris Barrie Wendy Baker Alex Brown 020 7796 4133 020 7638 9571 This announcement is made jointly by Granada Group PLC and Compass Group PLC. Terms defined in the announcement made jointly by Granada Group PLC and Compass Group PLC on 17 May 2000 shall have the same meanings in this announcement. This press release does not constitute an offer of securities.
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