Orchard Furniture

Result of Equity Issue

Orchard Furniture PLC
23 May 2000



Results of Open Offer

The Open Offer of 1,018,388,753 new ordinary shares at a price of 1p per share
closed yesterday at 3.00 p.m. Applications have been received from qualifying
shareholders for a total of 517,705,076 shares, representing 50.84 per cent of
the number of shares available under the Open Offer. The Open Offer was not
underwritten.

Application has been made for the new ordinary shares to be admitted to trading
on AIM and dealings are expected to commence on 23 May 2000.

23 May 2000

Enquiries
Orchard Furniture PLC
Richard Armstrong 020 7448 4700