Offer Update

City Centre Restaurants PLC
15 January 2004

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN OR INTO THE UNITED STATES,
CANADA, JAPAN OR AUSTRALIA



15 January 2004



Recommended Offer by Dresdner Kleinwort Wasserstein on behalf of City Centre
Restaurants plc ('City Centre' or 'the Company') for ASK Central Plc ('ASK
Central')



           Placing completed and Amended Offer replaces Initial Offer



On 18 December 2003 City Centre announced a placing of 19,430,000 ordinary
shares at 71p per share, of which 9,715,084 were placed firm and 9,714,916 were
placed conditionally. Following shareholder approval and admission of the
Placing Shares, the Placing has been completed and accordingly, as set out in
the Offer Document dated 22 December 2003, the Amended Offer now automatically
replaces the Initial Offer. The Amended Offer remains on the terms previously
announced, being:



   66p in cash and 1.540 City Centre Restaurants Shares per ASK Central Share



Based on the Closing Price on 14 January 2004 of 75.25 pence per City Centre
Restaurants Share, the Amended Offer values each ASK Central Share at
approximately 182 pence. In addition, ASK Central Shareholders who receive and
retain the Offer Shares pursuant to the Amended Offer will have the opportunity
to receive the City Centre Restaurants Second Interim Dividend of 2.85 pence per
City Centre Restaurant Share, amounting to approximately 4.4 pence per ASK
Central Share.



As set out in the Offer Document dated 22 December 2003, ASK Central
shareholders who have already accepted the Initial Offer will be deemed to have
accepted the Amended Offer from today.



The first closing date of the Offer is 3.00 p.m. on 19 January 2004. ASK Central
Shareholders who have not yet accepted the Offer are encouraged to complete and
return their Form of Acceptance as soon as possible.



Words and expressions defined in the Offer Document dated 22 December 2003 shall
have the same meaning when used in this announcement.



Enquiries:


City Centre Restaurants plc                          020 7747 7750
Alan Jackson, Executive Chairman
Andrew Page, Group Managing Director

Dresdner Kleinwort Wasserstein                       020 7623 8000
Charles Batten
Christopher Baird

College Hill                                         020 7457 2020
Matthew Smallwood





Dresdner Kleinwort Wasserstein Limited, which is authorised and regulated in the
UK by the Financial Services Authority, is acting exclusively for City Centre
and for no one else in connection with the Offer and the Placing and will not be
responsible to anyone other than City Centre for providing the protections
afforded to customers of Dresdner Kleinwort Wasserstein Limited, or for
affording advice in relation to the Offer and the Placing or any matters
referred to in this announcement.



The Offer is not being made, directly or indirectly, in or into, or by use of
the mails of, or by any facilities of a national, state or other securities
exchange of any US Restricted Jurisdiction, Canada, Australia, Japan or any
other jurisdiction if to do so would constitute a violation of the relevant laws
of such jurisdiction and the Offer should not be accepted by any such use,
means, instrumentality or facility, or from within any US Restricted
Jurisdiction, Canada, Australia, Japan or any such other jurisdiction and doing
so may render invalid any purported acceptance of the Offer. Accordingly, copies
of this announcement and any documents related to the Offer are not being and
must not be mailed, forwarded, sent, transmitted or otherwise distributed in,
into or from any US Restricted Jurisdiction, Canada, Australia, Japan or any
such other jurisdiction and all persons receiving such announcement (including,
without limitation, custodians, nominees and trustees) should observe these
restrictions and must not distribute, forward, mail or transmit or send them
into or from any US Restricted Jurisdiction, Canada, Australia, Japan or any
such other jurisdiction.



END


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