Offer Update

GPG (UK) Holdings PLC
21 May 2004


For immediate release

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

                                                                     21 May 2004

                             GPG (UK) Holdings plc

                    Partial Cash Offer for De Vere Group Plc

                                  Offer Update

GPG will be writing to De Vere shareholders on Monday, 24 May 2004. The circular
will further explain why GPG believes that De Vere shareholders' interests will
be best served through a timely disposal of the De Vere Hotels Division. It will
also highlight GPG's concerns relating to the potential financial consequences
of the proposed purchase of Premier Lodge.

Enquiries:
GPG (UK) Holdings plc
Blake Nixon, Chairman           020 7484 3370

Weber Shandwick Square Mile     020 7067 0700
Kevin Smith / Josh Royston

Strand Partners Limited, which is regulated in the United Kingdom by the
Financial Services Authority, has approved the contents of this financial
promotion and its communication by GPG for the purposes of Section 21 of the
Financial Services and Markets Act 2000.

Strand Partners Limited is acting for GPG and no-one else in connection with the
Partial Offer and will not be responsible to anyone other than GPG for providing
the protections afforded to clients of Strand Partners Limited nor for giving
advice in relation to the Partial Offer.

The directors of GPG accept responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the directors of GPG
(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.

Unless the context otherwise requires, terms used in this announcement shall
have the same meanings given to them in the Offer Document dated 19 April 2004
setting out the terms of the Partial Offer.



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