Result of Equity Issue

Unite Group PLC
15 August 2002


Date:               15 August 2002

On behalf of:       UNITE Group plc

Embargoed until:     0700hrs


THE UNITE GROUP PLC - RESULTS OF PLACING AND OPEN OFFER

Not for release, distribution or publication in whole or on part in or into the
United States, Canada, the Republic of Ireland, Japan or Australia

On 24 July 2002, The UNITE Group plc announced a Placing and Open Offer of
32,857,143 new Ordinary Shares at 175 pence per share. Of these, 20,384,997 new
Ordinary Shares were the subject of the Open Offer made to Qualifying
Shareholders on the basis of 3 Offer Shares for every 11 existing Ordinary
Shares held as at the Record Date. A further 12,472,146 Placing Shares were
placed firm by UBS Warburg with institutional and other investors. Nicholas
Porter and certain related Shareholders undertook not to take up their
entitlements in the Open Offer and consequently 3,859,685 of the Offer Shares,
representing their aggregate entitlements, were also placed firm with
institutional and other investors by UBS Warburg. The balance of the New
Ordinary Shares, being those of the Offer Shares which were not subject to
undertakings, were conditionally placed subject to recall to satisfy valid
applications under the Open Offer.

The Open Offer closed at 3.00 p.m. on 14 August 2002 and valid applications had
been received at that time for a total of 3,360,583 New Ordinary Shares. This
represents approximately 20.34 percent of the New Ordinary Shares available to
Qualifying Shareholders and not subject to undertakings. The remaining Offer
Shares will be taken up by the placees pursuant to the terms of the Placing.

The Placing and the Open Offer remain conditional, inter alia, upon the passing
of the Resolution at the Extraordinary General Meeting to be held at 10.00 a.m.
on 16 August 2002 and upon Admission occurring. It is expected that Admission
will become effective and that dealings in the New Ordinary Shares will commence
on 21 August 2002.

The Placing and the Open Offer have been fully underwritten by UBS Warburg.

Terms defined in the prospectus dated 24 July 2002 in relation to the Placing
and the Open Offer have the same meaning in this announcement.

Commenting on the placing, Nicholas Porter, Chief Executive of The UNITE Group
plc, said:

'This placing secures the funding for UNITE's future development activity and
puts UNITE in a prime position to capitalise on the exceptional market
opportunity available to it in the health and education sectors.'


                                     -ends-


Enquiries:

UNITE

Nicholas Porter, Chief Executive Officer                  [phone]
Simon Bernstein, Chief Financial Officer

UBS Warburg

Michael Meade                                             [phone]
Edmund Craston

Redleaf Communications

Emma Kane                                                 [phone]
                                                          07734 603381

This announcement does not constitute, or form part of, an offer or solicitation
of an offer to sell or issue shares or other securities, in any jurisdiction.
The Placing and the Open Offer will only be made on the basis of information
contained in the prospectus dated 24 July 2002.

The making of an offer in, or to residents or citizens of, certain jurisdictions
other than the United Kingdom ('Overseas Shareholders'), may be restricted by
the laws of the relevant jurisdictions. Overseas Shareholders should inform
themselves about and observe any such applicable legal requirements in their
respective jurisdictions.

The New Ordinary Shares have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States or to, or for
the account or benefit of, U.S. persons (as such term is defined in Rule 902
under the Securities Act) except pursuant to an exemption from such
registration. Notwithstanding the foregoing, no Offer Shares will be offered or
will be sold pursuant to the Open Offer in the United States or to, or for the
account or benefit of, U.S. persons (as such term is defined in Rule 902 under
the Securities Act). Copies of this announcement are not being, and should not
be, distributed in or sent into the United States.

UBS Warburg is acting for UNITE and no one else in connection with the
transaction and will not be responsible to any other person for providing the
protections afforded to its clients or for providing advice in relation to the
transaction.


                      This information is provided by RNS
            The company news service from the London Stock Exchange