Rslt of Placing/OpenOffer,etc

Unite Group PLC 7 April 2000 Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan. The Unite Group plc Announcement of results of Placing and Open Offer and Annual General Meeting and Extraordinary General Meeting Introduction On 15 March 2000, The Unite Group plc ('Unite') announced a Placing and Open Offer of 18,985,473 new ordinary shares at 203p per share to raise £38.5 million (before expenses). Results of the Placing and Open Offer The Open Offer closed at 3.00 p.m. on Wednesday, 5 April 2000. Of the 18,985,473 new ordinary shares which were the subject of the Open Offer, 14,541,305 new ordinary shares were placed firm with institutional investors, 44,445 new ordinary shares were taken up by Directors and 4,399,723 new ordinary shares were placed subject to recall to satisfy valid applications under the Open Offer. Valid applications for 3,917,658 of these shares were received, representing 88 per cent. of the shares not placed firm. Results of the Annual General Meeting and Extraordinary General Meeting At the Annual General Meeting of Unite which was held today at 10.00 a.m. all the resolutions were duly passed. Similarly, at the Extraordinary General Meeting of Unite which was held today at 10.05 a.m. the resolution to implement the Placing and Open Offer was duly passed. Admission to the Official List The Placing and Open Offer has now become unconditional subject only to the admission of the new ordinary shares to the Official List of the London Stock Exchange becoming effective. It is expected that admission will become effective and dealings in the new ordinary shares will commence on Tuesday, 11 April 2000, and that new share certificates will be despatched, and CREST accounts credited, on the same day. Geoffrey Maddrell, Chairman, said: 'We are delighted with the support we have received from both new investors and existing shareholders. The proceeds of the Placing and Open Offer will enable us to deliver the exciting projects in our pipeline and continue the implementation of our growth strategy.' For further information, please contact: The Unite Group plc 0117 907 8100 Nicholas Porter, Chief Executive David Ransome, Finance Director Robert Fleming & Co. Limited 020 7638 5858 Simon Gorringe Teather & Greenwood Limited 020 7426 9073 Richard Thompson/Martin Lampshire Ludgate Communications 020 7253 2252 Tim Davis/Alex Brog Robert Fleming & Co. Limited, which is regulated by The Securities and Futures Authority Limited, is acting for The Unite Group plc and no one else in connection with the Placing and Open Offer and will not be responsible to anyone other than The Unite Group plc for providing the protections afforded to customers of Robert Fleming & Co. Limited.

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