Offer Update

Tribal Group PLC 21 July 2003 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 21 July 2003 Recommended offer by Dresdner Kleinwort Wasserstein on behalf of Tribal Group plc for HACAS Group PLC Offer declared Wholly Unconditional The board of Tribal Group plc ('Tribal' or the 'Company') announces that following Admission the Offer has been declared wholly unconditional. 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. Valid elections under the Mix and Match Facility have been received in respect of 3,008,277 HACAS Shares to increase the level of cash received and in respect of 393,348 HACAS Shares to increase the level of Tribal Shares received under the Offer. The extent to which elections under the Mix and Match Facility will be satisfied will not be finally known until after the time and date on which the Mix and Match Facility closes, although, based on elections so far made, elections to receive additional New Tribal Shares will be satisfied in full and elections to receive additional cash will be scaled down on a pro rata basis. The Mix and Match Facility will be closed with effect from 11.59 pm today. 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 consideration will be despatched by first class post on or before 4 August 2003 to HACAS Shareholders who have validly accepted the Offer before the date of this announcement. Thereafter, consideration will be despatched to HACAS Shareholders who validly accept the Offer within 14 days of the date of receipt of an acceptance complete in all respects. In due course, Tribal intends to implement procedures set out in sections 428 to 430F of the Companies Act to acquire compulsorily any outstanding HACAS Shares to which the Offer relates. In addition, application will be made to the London Stock Exchange for the cancellation of the admission to trading on AIM of the HACAS Shares, which is expected to take effect from 8.00a.m. on 19 August 2003, being 20 business days following the date of this announcement. 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)
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