Re: Offer for B Shares

Helical Bar PLC
26 July 2005


Helical Bar plc

26 July 2005

Not for release, publication or distribution in whole or in part in or into the
United States, Canada, Japan or the Republic of South Africa.

Helical Bar plc ('Helical Bar') or (the 'Company')

JPMorgan Cazenove Limited ('JPMorgan Cazenove')

On 25 July 2005, JPMorgan Cazenove made an offer (the 'Offer') to purchase all
of the 612,704 non-cumulative preference shares of 1 7/8 pence each in the
capital of the Company ('B Shares'), at a price of 403.47 pence each (subject to
appropriate rounding and free from all dealing expenses and commissions).

The Offer has been accepted in accordance with the Company's articles of
association on behalf of the B shareholders.  The B Shares have subsequently
been purchased by Helical Bar for cancellation.

Enquiries:

Helical Bar:           020 7629 0113     Nigel McNair-Scott

JPMorgan Cazenove:     020 7588 2828     Richard Cotton/Roger Clarke


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