Result of Open Offer

Stobart Group Limited
03 April 2008

Not for release, publication or distribution in whole or in part, in or into the
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or any other jurisdiction if to do so would constitute a violation of the
relevant laws of such jurisdiction



               Stobart Group Limited ('Stobart' or the 'Company')



                              RESULT OF OPEN OFFER



On 10 March 2008, Stobart announced a placing and open offer of 57,675,188 new
Ordinary Shares at 130 pence per share to raise approximately £75.0 million
which will be used to finance, inter alia, the cash and loan note elements of
the consideration for the Acquisitions.



The Board of Stobart announces that on 3 April 2008, being the latest date for
receipt of completed Application Forms and payment in full under the Open Offer
or settlement of the relevant CREST instruction, valid applications had been
received from Qualifying Shareholders in respect of 21,939,525 new Ordinary
Shares, representing approximately 60.81% per cent. of the new Ordinary Shares
available under the Open Offer, excluding those new Ordinary Shares which
certain Shareholders had irrevocably undertaken not to take up.



14,141,459 new Ordinary Shares not applied for by Qualifying Shareholders under
the Open Offer will be taken up by placees under the terms of the Placing.



The new Ordinary Shares will, on Admission, rank in full for all dividends and
other distributions declared, made or paid on the Ordinary Shares after
Admission (save that they will not rank for the final dividend declared by the
Company for the year ended 29 February 2008) and will otherwise rank pari passu
in all respects with the Ordinary Shares in issue at the date of the Prospectus.



The Acquisitions and the Placing and Open Offer remain conditional upon, inter
alia, admission of the new Ordinary Shares to the Official List and to trading
on the London Stock Exchange's market for listed securities. Application has
been made to the UK Listing Authority for the new Ordinary Shares to be admitted
to the Official List and to the London Stock Exchange for admission to trading
on its market for listed securities. It is expected that Admission will become
effective and dealings in the new Ordinary Shares will commence on 4 April 2008.



Terms used in this Announcement shall have the same meanings as in the
Prospectus which was sent to Shareholders on 10 March 2008.


Stobart Group                                                01925 605 400
Andrew Tinkler, Chief Executive Officer
Ben Whawell, Chief Financial Officer
Julie Gaskell, Head of Communications


Cenkos Securities                                            020 7397 8900
Ian Soanes
Adrian Hargrave

Lansons Communications                                       020 7490 8828
Charlie Field                                                 07884 001148
Karen Mignon                                                  07766 651327




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