Offers Unconditional

ENIC Limited
13 July 2007

Not for release, publication or distribution, in whole or in part, in, into or
from the United States, Canada, Australia or Japan or any other jurisdiction
where it would be unlawful to do so.


PRESS ANNOUNCEMENT

EMBARGOED UNTIL 7AM

13 July 2007

CASH OFFERS

by

ENIC INTERNATIONAL LTD

for

TOTTENHAM HOTSPUR PLC

OFFERS UNCONDITIONAL IN ALL RESPECTS



On 5 July 2007, ENIC International posted an offer document (the 'Offer
Document') to Tottenham Hotspur Shareholders in respect of the mandatory cash
offers under Rule 9 of the City Code of 113.6 pence for each Tottenham Hotspur
Ordinary Share (the 'Ordinary Offer') and £1,773.77 for each Tottenham Hotspur
Preference Share (the 'Preference Offer').



The board of ENIC International is now pleased to announce that the Ordinary
Offer has become unconditional as to acceptances.  As there were no other
conditions to the Ordinary Offer, the Ordinary Offer is hereby declared
unconditional in all respects.



As stated in the Offer Document, the Preference Offer is unconditional.



As at 5.00 p.m. (London time) on 12 July 2007, valid acceptances of the Ordinary
Offer and the Preference Offer had been received in respect of 9,346,846
Tottenham Hotspur Ordinary Shares and 149 Tottenham Hotspur Preference Shares
respectively. This represents approximately 10.09 per cent. and 0.25 per cent.
of the existing issued ordinary and preference share capital of Tottenham
Hotspur respectively.



As a result of the Amshold Transaction and a further purchase of 3,689 Tottenham
Hotspur Preference Shares on 14 June 2007, ENIC International is also interested
in 44,052,675 Tottenham Hotspur Ordinary Shares and 53,252 Tottenham Hotspur
Preference Shares, representing approximately 47.56 per cent. and 90.56 per
cent. of Tottenham Hotspur's existing issued ordinary and preference share
capital respectively.



Therefore, as at 5.00 p.m. (London time) on 12 July 2007, ENIC International
owned, controlled or had received valid acceptances in respect of a total of
53,399,521 Tottenham Hotspur Ordinary Shares and 53,401 Tottenham Hotspur
Preference Shares, representing approximately 57.66 per cent. and 90.82 per
cent. of the existing issued ordinary and preference share capital of Tottenham
Hotspur respectively.



Tottenham Hotspur Ordinary Shareholders and Tottenham Hotspur Preference
Shareholders who wish to accept the Ordinary Offer and / or the Preference
Offer, and who have not yet done so, should act in accordance with the
instructions set out in the Offer Document dated 5 July 2007 and (in respect of
Tottenham Hotspur Shares held in certificated form) the Form(s) of Acceptance as
soon as possible.  Further copies of the Offer Document and Forms of Acceptance
are available to Tottenham Hotspur Shareholders who are entitled to receive
these documents by calling Capita Registrars on 0870 162 3121 (or, from outside
the United Kingdom, [phone]) between 9.00 a.m. and 5.00 p.m. (London
time), Monday to Friday (excluding UK public holidays).



The First Closing Date of the Offers is 1.00 p.m. (London time) on 26 July 2007.
Settlement will be effected on or before 9 August 2007 to such Tottenham
Hotspur Shareholders who have validly accepted the relevant Offer(s) prior to
the First Closing Date.  Settlement for Tottenham Hotspur Shareholders who
validly accept the relevant Offer(s) from the First Closing Date onwards will be
effected within 14 calendar days of receipt of their valid acceptance.



Certain terms used in this announcement are defined in the Offer Document dated
5 July 2007.




Enquiries:

Holborn PR (PR adviser to ENIC International)                           Tel:       [phone]
Trevor Phillips                                                                    07889 153628

Kaupthing Limited (Financial adviser to ENIC International)             Tel:       [phone]
Jos Trusted
Cameron Jack

Seymour Pierce Limited (Joint financial adviser to Tottenham Hotspur)   Tel:       [phone]
Richard Feigen
Jonathan Wright

Tricorn Partners LLP (Joint financial adviser to Tottenham Hotspur)     Tel:       [phone]
Guy Dawson

Hansard Group (PR adviser to Tottenham Hotspur)                         Tel:       [phone]
John Bick




Kaupthing Limited, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for ENIC International
and no one else in relation to the Offers and will not be responsible to anyone
other than ENIC International for providing the protections afforded to clients
of Kaupthing Limited or for providing advice in relation to the Offers or any
matter referred to in the Offer Document.



Seymour Pierce Limited and Tricorn Partners LLP, each of which is authorised and
regulated in the United Kingdom by the Financial Services Authority, are acting
exclusively for Tottenham Hotspur and no one else in relation to the Offers and
will not be responsible to anyone other than Tottenham Hotspur for providing the
protections afforded to their respective clients or for providing advice in
relation to the Offers or any matter referred to in the Offer Document.



This announcement is not intended to and does not constitute, or form part of,
an offer or an invitation to purchase or sell Tottenham Hotspur Ordinary Shares
or Tottenham Hotspur Preference Shares or any other securities pursuant to the
Offers or otherwise.  The Offers are being made solely by the Offer Document and
the Forms of Acceptance, which contain the full terms and conditions of the
Offers, including details of how they may be accepted.



The availability of the Offers to persons not resident in the United Kingdom may
be affected by the laws of the relevant jurisdictions.  Persons who are not
resident in the United Kingdom, or who are subject to the laws of any
jurisdiction other than the United Kingdom, should inform themselves about and
observe any applicable requirements. Further details in relation to overseas
shareholders are contained in the Offer Document.



The Offers are not being made, directly or indirectly, in or into the United
States or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile or other electronic transmission, telex or
telephone) of inter-state or foreign commerce of, or any facility of, a
national, state or other securities exchange of, the United States, nor are they
being made directly or indirectly in or into Canada, Australia or Japan and the
Offers cannot be accepted by any such use, means, instrumentality or facility or
from within the United States, Canada, Australia or Japan or any other such
jurisdiction if to do so would constitute a violation of the relevant laws of
such jurisdiction.  Accordingly, copies of this announcement, the Offer Document
and the Forms of Acceptance are not being, will not be and must not be mailed or
otherwise forwarded, distributed or sent in, into or from the United States,
Canada, Australia or Japan or any other such jurisdiction if to do so would
constitute a violation of the relevant laws of such jurisdiction and persons
receiving this announcement, the Offer Document and the Forms of Acceptance
(including without limitation custodians, nominees and trustees) must not mail,
forward, distribute or send them in, into or from the United States, Canada,
Australia or Japan or any other such jurisdiction if to do so would constitute a
violation of the relevant laws of such jurisdiction.  Doing so may render
invalid any purported acceptance of the Offers.



Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the City Code, if any person is, or becomes,
'interested' (directly or indirectly) in one per cent. or more of any class of '
relevant securities' of Tottenham Hotspur, all 'dealings' in any such 'relevant
securities' (including by means of an option in respect of, or a derivative
referenced to, any such 'relevant securities') must be publicly disclosed by no
later than 3.30 p.m. (London time) on the Business Day following the date of the
relevant transaction. This requirement will continue until the date (in the case
of the Ordinary Offer) on which the Ordinary Offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or (in the
case of both Offers) on which the Offer Period otherwise ends. If two or more
persons act together pursuant to an agreement or understanding, whether formal
or informal, to acquire an 'interest' in 'relevant securities' of Tottenham
Hotspur, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevant
securities' of Tottenham Hotspur by ENIC International or by Tottenham Hotspur,
or by any of their respective 'associates', must be disclosed by no later than
12.00 noon (London time) on the Business Day following the date of the relevant
transaction. A disclosure table, giving details of the companies in whose '
relevant securities' 'dealings' should be disclosed, and the number of such
securities in issue, can be found on the Panel's website at
www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a
person has long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated as having an
'interest' by virtue of the ownership or control of securities, or by virtue of
any option in respect of, or derivative referenced to, securities. Terms in
quotation marks are defined in the City Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.






                      This information is provided by RNS
            The company news service from the London Stock Exchange