HACAS Offer acceptances

Tribal Group PLC 18 July 2003 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 18 July 2003 Recommended offer by Dresdner Kleinwort Wasserstein on behalf of Tribal Group plc for HACAS Group PLC Offer declared Unconditional Save For Listing of Tribal Shares The board of Tribal Group plc ('Tribal' or the 'Company') announces that following the EGM of the Company earlier today, at which the resolution to approve the Acquisition was passed, the Offer has been declared unconditional as to acceptances and in all other respects save for the listing of the New Tribal Shares. It is expected that the Admission of the New Tribal Shares will take place on Monday 21 July at which time the Offer will become wholly unconditional. By 3.00pm on 17 July 2003, valid acceptances of the Offer had been received in respect of a total of 29,415,834 HACAS Group plc ('HACAS') Shares representing approximately 92.7 per cent. of the HACAS Shares to which the Offer relates. This total includes acceptances in respect of 20,587,123 HACAS Shares representing approximately 67.0 per cent. of HACAS existing issued share capital pursuant to the irrevocable undertakings to accept the Offer from certain of the HACAS Directors. The Company will close the Mix and Match Facility at 11.59 pm on the date on which the Offer becomes unconditional in all respects. The Offer will remain open for acceptance until further notice subject to the terms set out in the Offer Document and the Form of Acceptance. Save as disclosed in this announcement, neither Tribal, nor any persons acting, or deemed to be acting, in concert with Tribal held any HACAS Shares (or rights over HACAS Shares) prior to the Offer Period and neither Tribal nor any persons acting, or deemed to be acting, in concert with Tribal have acquired or agreed to acquire any HACAS Shares (or rights over HACAS Shares) since the commencement of the Offer Period. Forms of Acceptance not yet returned should be completed and returned in accordance with the instructions set out on the Form of Acceptance and in the Offer Document, so as to be received as soon as possible. The words and expressions defined in the Offer Document dated 26 June 2003 shall apply for the purposes of this announcement. Enquiries: Tribal Group plc 01285 886020 Henry Pitman Simon Lawton HACAS Group PLC 020 7609 9491 Julian Ashby Derek Joseph The Offer is not being made and will not be made, directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facility of a national securities exchange of, the United States, Canada, Australia or Japan and the Offer will not be capable of acceptance by any such use, means, instrumentality or facilities from within the United States, Canada, Australia or Japan. Dresdner Kleinwort Wasserstein, which is authorised and regulated by the Financial Services Authority, is acting for Tribal and for no-one else in connection with the Offer and will not be responsible to anyone other than Tribal for providing the protections afforded to customers of Dresdner Kleinwort Wasserstein, or for affording advice in relation to the contents of this announcement or any matters referred to herein. END This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tribal Group (TRB)
UK 100