Offer Update

Crown Eyeglass PLC
14 July 2000


            NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
                 THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
                                       
   RECOMMENDED CASH OFFER BY MOMENTAI PLC TO ACQUIRE THE WHOLE OF THE ISSUED
                SHARE CAPITAL OF CROWN EYEGLASS PLC (THE OFFER)
                                       
Momentai plc (Momentai) announces that at the extraordinary general meeting of
Crown  Eyeglass  plc  (Crown  Eyeglass)  held  on Thursday  13 July  2000, the
ordinary   resolution  proposed  to  approve  the  Offer  was   duly   passed.
Accordingly, the condition set out in paragraph 1.8 of Part A of Appendix 1 to
the Offer Document dated 23 June 2000 (Offer Document) has been satisfied.

Momentai also announces that as at 3.00 pm on Friday, 14 July 2000 (the  first
closing date of the Offer) valid acceptances under the Offer had been received
in  respect  of 1,348,405 ordinary shares in Crown  Eyeglass  (Crown  Eyeglass
Shares),  representing approximately 84.27 per cent.  of  the  issued  share
capital of Crown Eyeglass.

In  accordance with the provisions of the conditions set out in paragraph  1.1
of  Part  A of Appendix 1 to the Offer Document (Condition 1.1), Momentai  has
determined  that  the level of valid acceptances it has received  referred  to
above  is  sufficient to satisfy Condition 1.1.  Accordingly, all  outstanding
conditions  to  the  Offer have now been satisfied and,  the  Offer  has  been
declared  unconditional  in  all respects.  The Offer  will  remain  open  for
acceptance  until  further  notice.  A cheque for cash  or  a  certificate  in
respect  of  Loan  Notes to which an accepting Crown Eyeglass  Shareholder  is
entitled,  pursuant  to  the terms of the Offer, will be  despatched  by  post
within  14  days,  provided  a valid acceptance,  which  is  complete  in  all
respects, has been received.

Momentai  urges Crown Eyeglass Shareholders who have not already  done  so  to
accept  the  Offer.   To accept the Offer, Crown Eyeglass Shareholders  should
complete   and  return  the  Form  of  Acceptance,  in  accordance  with   the
instructions printed on it, whether or not their Crown Eyeglass Shares are  in
CREST, as soon as possible.

The Offer Period commenced on 20 June 2000, being the date of the announcement
of  the  Offer.   Prior to the Offer Period, Momentai had no interest  in  the
issued  share  capital of Crown Eyeglass.  Martin Lee, Joe  Lee,  Thelma  Lee,
Linda Lee, Deena Singer, Kathleen Thompson and Gillian Douglas, persons deemed
to  be  acting  in concert with Momentai, held 584,875 Crown Eyeglass  Shares,
representing  approximately 36.55 per cent. of the  issued  share  capital  of
Crown Eyeglass.  Momentai has now received valid acceptances in respect of all
these Crown Eyeglass Shares and these are included in the level of acceptances
referred to above.

As  at the commencement of the Offer Period, Momentai had received irrevocable
undertakings to accept the Offer in respect of 1,051,575 Crown Eyeglass Shares
representing,  in  aggregate, 65.7 per cent. of the issued  share  capital  of
Crown  Eyeglass.  As at 3.00 pm on 14 July 2000, Momentai has  received  valid
acceptances  in  respect of all of the Crown Eyeglass Shares  which  were  the
subject of these irrevocable undertakings, representing in aggregate 65.7  per
cent. of the issued share capital of Crown Eyeglass.

Save  as  disclosed  within this announcement, since the commencement  of  the
Offer  Period, neither Momentai nor any person acting in concert with Momentai
has  acquired or agreed to acquire any Crown Eyeglass Shares (or  rights  over
such shares).


Enquiries:

Martin Lee, Crown Eyeglass              01254 51535

Philip Johnson, Brown Shipley           0161 214 6540

The  directors of Momentai accept responsibility for the information contained
within  this  announcement.  To the best of the knowledge and  belief  of  the
directors of Momentai (who have taken all reasonable care to ensure that  such
is  the case), the information contained in this announcement is in accordance
with  the facts and does not omit anything likely to affect the import of such
information.

This  announcement should be read in conjunction with the Offer Document dated
23  June  2000 (and the definitions contained in it apply, where  the  context
permits, to this announcement) and the Form of Acceptance.

As  at  13  July 2000 (the latest practicable date prior to the date  of  this
announcement), the directors of Momentai were not aware of any material change
in the information contained in the Offer Document.

This announcement has been approved, solely for the purposes of section 57  of
the  Financial Services Act 1986, by Walker Morris, which is regulated in  the
conduct of investment business by the Law Society of England and Wales.

Copies of this announcement will be available for inspection at the offices of
Brown  Shipley, Founders Court, Lothbury, London, EC2R 7HE during  the  normal
business hours of any weekday (Saturdays and public holidays excepted)  during
the period for which the Offer remains open for acceptance.