Offer Update

Tribal Group PLC 23 July 2003 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 23 July 2003 Recommended offer by Dresdner Kleinwort Wasserstein on behalf of Tribal Group plc for HACAS Group PLC Mix and Match Facility On 21 July 2003 the board of Tribal Group plc ('Tribal' or the 'Company') declared the Offer wholly unconditional. At 11:59 pm on that date the Mix and Match Facility was closed. Valid elections under the Mix and Match Facility were received in respect of 3,008,277 HACAS Shares to increase the level of cash received and in respect of 395,748 HACAS Shares to increase the level of Tribal Shares received under the Offer. Accordingly, elections to receive additional Tribal Shares will be satisfied in full and elections to receive additional cash will be scaled down on a pro rata basis. HACAS Shareholders who validly elected to receive additional cash will receive approximately 113p and approximately 0.0972 New Tribal Shares per HACAS Share. 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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