Statement Re Offer Approach

WALKER GREENBANK PLC
27 August 1999

                            
                  WALKER GREENBANK PLC

The board of Walker Greenbank PLC has noted the recent
speculation surrounding the Group.  The board has
subsequently received a second tentative approach from
parties associated with Charles Wightman, the former
Chief Executive of the company, which may or may not have
led to an offer being made for the issued share capital
of Walker Greenbank.  This second tentative approach,
backed by a private equity investor, was at an inadequate
price and follows an earlier approach about which the
board issued a statement on July 14. Accordingly, the
board has rejected this approach which it felt did not
fairly reflect the operational improvements currently
being made by Walker Greenbank, its asset value, or the
prospects for the group.

As previously stated, the board continues with its
strategy to deliver shareholder value.

Enquiries to:

Aidan Connolly, Chief Executive, Walker Greenbank PLC
Tel: [phone]

John Rudofsky, Citigate Dewe Rogerson
Tel: [phone]


Dick Barlow, KPMG Corporate Finance
Tel: [phone]