Re. Repurchase Offer

Helical Bar PLC
22 December 2004

Helical Bar plc
22 December 2004



Not for release, publication or distribution in whole or in part in or into the
United States, Canada, Japan or the Republic of South Africa



Cazenove & Co. Ltd ('Cazenove')


Helical Bar plc ('Helical Bar' or the 'Company') - Repurchase Offer for B Shares


Helical Bar has appointed Cazenove to make the Repurchase Offer referred to in
the circular from Helical Bar to its Shareholders dated 25 November 2004 (the 
'Circular') and Cazenove hereby makes the Repurchase Offer, acting as principal,
to purchase the 9,364,125 B Shares in respect of which valid acceptances of the
Repurchase Offer have been received and not withdrawn.  Accordingly such offer
is to purchase those shares for £4.00 each, free of all dealing expenses and
commissions, in an on-exchange transaction on the terms set out in the Circular.

Settlement of the purchase of the B Shares purchased under the Repurchase Offer
will be made on 23 December 2004 when sales advices will be dispatched, cheques
and (where appropriate) balance B Share Certificates will be dispatched to
Shareholders whose B Shares are held in certificated form (that is, not in
CREST) and the CREST accounts of Shareholders whose B Shares are held in
uncertificated form (that is, in CREST) will be credited with the proceeds of
sale.

All definitions used in the Circular to Shareholders dated 25 November 2004
apply to this announcement.


This announcement has been issued by Cazenove & Co. Ltd which is regulated in
the United Kingdom by the Financial Services Authority.



Enquiries:

Helical Bar plc
020 7629 0113
Nigel McNair Scott


Cazenove & Co. Ltd
020 7588 2828
Richard Cotton
Roger Clarke


Financial Dynamics
020 7831 3113
Stephanie Highett
Dido Laurimore




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