Offer Update

Macfarlane Group PLC 7 November 2000 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND OR JAPAN ______________________________________________________________ MACFARLANE GROUP PLC ('MACFARLANE') CASH OFFER FOR BRITISH POLYTHENE INDUSTRIES PLC ('BPI') The board of Macfarlane announces that as at 3.00 p.m. on 7 November 2000, being the first closing date of the Offer, valid acceptances of the Offer had been received from BPI shareholders submitting 176 Forms of Acceptance in respect of 459,113 BPI shares, representing 1.24 per cent. of the issued share capital of BPI subject to the Offer. Together with the 325,000 BPI shares acquired by Macfarlane before the Offer Period, which represents 0.88 per cent. of the issued share capital of BPI, Macfarlane now owns or has secured acceptances over 784,113 BPI shares representing 2.12 per cent. of the issued share capital of BPI. The Offer has been extended until 3.00 p.m. on 28 November 2000. BPI shareholders who have not yet accepted the Offer are urged to complete and return their Form of Acceptance as soon as possible. Other than as disclosed above, neither Macfarlane nor any persons acting in concert with Macfarlane owned any BPI shares (or rights over such shares) immediately prior to the commencement of the Offer Period, nor have acquired or agreed to acquire any BPI shares (or rights over such shares) during the Offer Period. Words and expressions defined in the Offer Document issued on behalf of Macfarlane on 17 October 2000, have the same meanings in this announcement, unless otherwise indicated. Enquiries: Macfarlane Group PLC Iain Duffin 0141 333 9666 Noble Grossart Limited Sir Angus Grossart 0131 226 7011 Todd Nugent HSBC John Hannaford 020 7336 9000 Beattie Media Gordon Beattie 01698 787878 Bell Pottinger Kate Power 020 7353 9203 Copies of the Offer Document, Form of Acceptance and the document sent to BPI shareholders on 2 November 2000 are available free of charge from Lloyds TSB Registrars, Antholin House, 71 Queen Street, London EC4N 1SL (telephone 0870 600 2027). The directors of Macfarlane (whose names are set out in paragraph 2 of Part 7 of the Offer Document) accept responsibility for the information contained in this announcement and to the best of the knowledge and belief of the directors of Macfarlane (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. Noble Grossart Limited, which is regulated in the UK by The Securities and Futures Authority Limited, is acting exclusively for Macfarlane and no one else in relation to the Offer and will not be responsible to any person other than Macfarlane for providing the protections afforded to customers of Noble Grossart Limited or for giving advice in relation to the Offer.
UK 100

Latest directors dealings