Subsidiary in Liquidation

Room Service Group PLC 23 January 2003 Room Service plc ('Room Service' or 'the Company') The board of Room Service Plc regrets to announce that, having considered all the options immediately available to the Company, the decision has been taken that it is in the best interests of shareholders for the directors of the Company's principal trading subsidiary, Room Service (UK) Limited, to place Room Service (UK) Limited in voluntary liquidation. David Rubin and Paul Appleton of David Rubin & Partners were appointed as liquidators today by the shareholder of Room Service (UK) Limited. The Directors of the Company have been actively seeking additional funding for the Company from a number of sources over the past four months. However, the various discussions that the Company has been involved in have not resulted in the deal anticipated by the Directors of Room Service. The volatile conditions in the stock market and the associated effect this has had on the corporate sector has resulted in a marked downturn in the Company's food delivery and catering businesses over the last twelve months. The board of Room Service have made every effort to find a suitable solution to its funding requirements but regrettably without success. The board of Room Service also announces that Alexander Duma, non-executive chairman of the Company, has today tendered his resignation from the Company and its subsidiaries and the board have accepted such resignation with immediate effect. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Valirx (VAL)
UK 100