Stmnt re Offer

TBI PLC
15 August 2001


FOR IMMEDIATE RELEASE                                  15 August 2001



                        TBI plc ('TBI' or the 'Group')


The Board of TBI has noted the announcement made this morning by Vinci S.A. ('
Vinci') of an unsolicited offer of 90p per share.   The Board, which is being
advised by ABN AMRO Corporate Finance Limited, unanimously believes that this
opportunistic offer from Vinci does not fully reflect the true value of the
underlying assets of the Group.


Further to the announcement made by TBI on 14 August 2001, the Board of TBI
requested a meeting with representatives of Vinci to understand better their
intentions following the acquisition of a 14.9 per cent shareholding in the
Group.  At this meeting no agreement was reached.


Following yesterday's announcement by TBI, the Group has received a number of
expressions of interest.  The Board of TBI intends to consider these
expressions of interest, with a view to maximising value for the shareholders
of TBI.



The Board's detailed views will be sent to shareholders once Vinci has
published its formal offer document.  In the meantime, the directors strongly
re-iterate their recommendation that shareholders of TBI take no action.



Shareholders will be kept informed of any relevant developments.



Keith Brooks (Chief Executive) said 'TBI owns an attractive and valuable
portfolio of airport assets which are, by their very nature, scarce resources.
  Our objective remains to maximise shareholder value.'





Enquiries


TBI plc                                                 020 7408 7300
Keith Brooks (Chief Executive)
Caroline Price (Finance Director)

Buchanan Communications                                 020 7466 5000
Charles Ryland (Director)
Nicola Cronk (Manager)





The Directors of TBI accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the Directors
of TBI (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.



ABN AMRO Corporate Finance Limited, which is regulated in the UK by The
Securities and Futures Authority Limited, is acting exclusively for TBI and
no-one else in connection with the offer and will not be responsible to anyone
other than TBI for providing the protections afforded to customers of ABN AMRO
Corporate Finance Limited or for providing advice in relation to the offer.