PartlyUnconditnl /Acceptances

Artisan (UK) PLC 31 January 2000 Not for release, publication or distribution in or into the USA, Canada, Australia or Japan. Artisan (UK) plc Recommended Offer for the Entire Issued Ordinary and 'A' Share Capital of Investment in Heritage Group plc Unconditional as to Acceptances for the Ordinary Share Offer On 21 December 1999 Artisan made recommended offers for the entire issued and to be issued ordinary and 'A' share capital of Investment in Heritage Group plc ('IIH') ('the Offers') Artisan announces that as at 3.00pm on 31 January 2000 valid acceptances of the Ordinary Share Offer had been received in respect of a total of 341,465 Ordinary Shares, representing approximately 52.79 per cent. of the current issued ordinary share capital of IIH. In addition there are irrevocable undertakings to accept the Ordinary Share Offer outstanding in respect of a further 10,002 Ordinary Shares. In total, Artisan has received valid acceptances of or outstanding irrevocable undertakings for the Ordinary Share Offer in respect of 351,467 Ordinary Shares representing 54.34 per cent of the total issued ordinary share capital of IIH. Of the acceptances referred to in the second paragraph of this announcement, Artisan has received an irrevocable undertaking to accept the Ordinary Share Offer from Christopher Liddell, a person acting or deemed to be acting in concert with Artisan for the purposes of the Offers, in respect of 5,002 Ordinary Shares. As at close of business on 23 November 1999 (being the date immediately prior to the commencement of the offer period), Artisan neither owned nor controlled any Ordinary Shares or 'A' Shares in IIH (unchanged as at close of business on 31 January 2000). The Offers, as contained in the Offer Document and in the accompanying Forms of Acceptance, remain open until 1.00pm on 18 February 2000. The expressions used in this announcement shall, unless the context otherwise requires, bear the same respective meanings as in the Offer Document posted by Artisan to IIH Shareholders on 21 December 1999. Enquiries: Seymour Pierce Telephone: 0171 648 8700 Richard Feigen - Managing Director Sarah Wharry This announcement has been approved by Seymour Pierce Limited ('Seymour Pierce') for the purposes of Section 57 of the Financial Services Act 1986. Seymour Pierce which is regulated by The Securities and Futures Authority Limited, is acting for Artisan and for no one else in connection with the Offers, and Seymour Pierce will not be responsible to anyone other than Artisan for providing protections afforded to customers of Seymour Pierce or for giving advice in relation to the Offers. The Offers are not being and will not be made, directly or indirectly, in or into, or by the use of the mails of, or by any means or instrumentality (including, without limitation, telephonically or electronically) of, interstate or foreign commerce of, or of any facilities of a national securities exchange of, the USA, or in or into Canada, Australia or Japan and the Offers will not be capable of acceptance by any such use, means, instrumentality or facilities or from within the USA, Canada, Australia or Japan. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise distributed, forwarded, or sent in, into or from the USA, Canada, Australia or Japan. The Directors of Artisan accept responsibility for the information contained in this announcement and, to the best of their knowledge and belief (having 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.
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