Offer Update

Millfield Group PLC
14 October 2004

RNS Number:



Millfield Group PLC
Offer update
13 October 2004


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


RECOMMENDED MERGER OFFER ON BEHALF OF MILLFIELD GROUP PLC ("MILLFIELD") FOR
INTER-ALLIANCE GROUP PLC ("INTER-ALLIANCE")



The board of Millfield is pleased to announce that as at 3.00pm on 12 October
2004, Millfield had received valid acceptances in respect of a total of
823,033,029 Inter-Alliance Shares, representing approximately 90.65 per cent. of
Inter-Alliance's issued share capital.



Accordingly, Millfield intends to exercise its rights pursuant to the provisions
of sections 428 to 430 (inclusive) of the Companies Act 1985 to acquire
compulsorily the remaining Inter-Alliance Shares to which the Merger Offer
relates.



Notwithstanding the dispatch of compulsory acquisition notices, Inter-Alliance
Shareholders who wish to receive their consideration under the Merger Offer
without delay, should complete their Form(s) of Acceptance, in accordance with
the instructions printed thereon, whether or not their Inter-Alliance Shares are
in CREST, and return them, as soon as possible, to Capita IRG Plc at Corporate
Actions Department, PO Box 166, The Registry, 34 Beckenham Road, Beckenham, Kent
BR3 4TH.  Additional Forms of Acceptance are available from Capita IRG Plc, by
telephoning 0870 162 3100.



Enquiries:
Stephen Keys / Simon Atkinson                  Tel: [phone]
Collins Stewart



Terms defined in the Offer Document dated 6 August 2004, have the same meaning
in this press release unless the context otherwise requires.



To the best of the knowledge and belief of the Directors of Millfield Group plc
(having taken all reasonable care to ensure that such is the case), the
information contained in this document is in accordance with the facts and does
not omit anything likely to affect the import of such information. The Directors
of Millfield Group plc accept responsibility accordingly.  Collins Stewart
Limited, which is regulated in the United Kingdom by The Financial Services
Authority, is acting for Millfield and no-one else in connection with the Offer
and will not be responsible to anyone other than Millfield for providing the
protections afforded to its customers or for providing advice in respect of any
matters referred to in this press release.




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