Corporate Action

Manx & Overseas PLC
16 June 2000

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *MXO
SEDOL CODE              *274-184
TERMS                   *1 New Ordinary Share for every 2 Existing Ordinary 
                         Shares held at 5p.
EX DATE                 *16-06-00
RECORD DATE             *12-06-00
SPLITTING APPLICATION FORMS *05-07-00 3:00pm
RECEIPT OF APPLICATION FORMS *07-07-00 3:00pm
DEALING COMMENCE NEW SHARES *11-07-00
NOTES *