Tender Offer

LPA Group PLC
01 November 2006



LPA Group Plc (the 'Company')
1 November 2006



The following has been extracted from a letter sent to shareholders yesterday
evening.



'Unsolicited Tender Offer



SHAREHOLDERS ADVISED TO TAKE NO ACTION



On Thursday, 26 October, your Board received notice of a tender offer from
Andrew Perloff for up to 3,095,968 shares, representing 28.39% of our issued
share capital, at 25p per share.



Your Board has had no direct contact with Mr Perloff or anyone connected with
him. We are concerned that he is seeking to gain effective control of your
company without launching a full offer for the company.



Shareholders should note that the tender offer document, issued by his adviser,
John East & Partners, on behalf of Mr Perloff, includes no mention whatsoever of
the reasons behind this tender offer.



Shareholders should be aware that in the interim statement published on 22 June
2006, the unaudited balance sheet as at 31 March 2006 showed equity
shareholders' funds of £6.02 million, equating to 55.2p per share.



This figure does not take into account any uplift through the revaluation of our
freehold property assets. Our 1.5 acre headquarters site at Saffron Walden, for
example, is located in an area zoned for residential development and is believed
by the Board to be worth substantially more than its current book value.



As announced in our formal response today to the tender offer, your Board will
not be accepting in respect of its shareholdings, which total 1,169,540 shares
(10.73% of the issued share capital).



The Group's financial year closed on 30 September and your Board will be writing
to you again shortly to update you on current trading, and to give you more
details of our forward order book.



In the meantime, I strongly urge shareholders to follow our lead and to ignore
this opportunistic tender offer.'


Enquiries:

Peter Pollock          Chief Executive                01799 512844
Stephen Brett          Finance Director               01799 512860
James Glancy           Teather & Greenwood Limited    020 7426 9000
Robert Naylor          Teather & Greenwood Limited    020 7426 9000

Gareth David           College Hill                   020 7457 2020


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