Result of Open Offer

Chandra PLC
19 April 2000

                              
       Take-up of Open Offer of 1,950,000 Offer Shares
                              
Following the closing of the Open Offer, announced  on  24th
March,  2000,  at  3.00  p.m. on  18th  April,  2000,  valid
applications had been received for 524,427 Offer Shares.

The  Directors  and certain shareholders,  who  had  maximum
aggregate  entitlements under the Open  Offer  to  1,185,374
Offer Shares, irrevocably undertook to subscribe for 253,500
Offer  Shares and not to subscribe for the balance of  their
entitlements amounting to 931,874 Offer Shares,  which  were
placed  firm  by  Insinger Townsley with  institutional  and
other  investors.   Therefore the  number  of  Offer  Shares
available   for   take-up   by  the   remaining   qualifying
shareholders  under  the  Open  Offer  was  1,018,126  Offer
Shares.

Accordingly,   the   take-up  by   qualifying   shareholders
represents  51.5  per cent. of the Offer Shares  not  placed
firm by Insinger Townsley.

The  Open  Offer  remains conditional, inter  alia,  on  the
admission  to AIM of the Offer Shares, which is expected  to
be on 4th May, 2000.


Enquiries:

John East & Partners Limited                   020 7628 2200
John East/David Worlidge

Holborn Public Relations Limited               020 7929 5599
David Bick