Moet Hennessy Invsts

Offer Update

Moet Hennessy Investissements
26 January 2005

Not for release, publication or distribution in whole or in part in, into or
from Canada or Australia

26 January 2005



                       ('MOET HENNESSY INVESTISSEMENTS')




Further to the announcement by Moet Hennessy Investissements on 28 December 2004
in which the Offers for Glenmorangie were declared unconditional in all
respects, application has now been made to the UKLA for the cancellation of the
listing of all of the listed securities of Glenmorangie plc. This cancellation
will be effective from close of business on 31 January 2005.

Following the cancellation of the listing, it is expected that Glenmorangie plc
will become known as The Glenmorangie Company Limited.


Barbara Anne Nimmo (Corporate Communications)         Tel:  +44 (0) 1506 852 929

Terms defined in the Offer Document have the same meaning in this announcement.

The Offers, including the Loan Note Alternatives, are not being made in or into,
and are not capable of acceptance in or from, Canada or Australia. Custodians,
nominees and trustees should observe these restrictions and should not send or
distribute documents in or into Canada or Australia.

The Loan Notes have not been, and will not be, registered under the US
Securities Act or under the securities laws of any state or other jurisdiction
of the United States, Canada, Australia, France or Japan. Accordingly, the Loan
Notes may not (unless an exemption under the relevant securities laws is
applicable) be offered, sold, resold, delivered or transferred, directly or
indirectly, in or into the United States, Canada, Australia, France or Japan or
to, or for the account or benefit of, a person located in the United States,
Canada, Australia, France or Japan. In accordance with article L. 211-4 of the
French Code monetaire et financier, securities such as the Loan Notes, which are
governed by French law and are in materialised form, must be issued outside
France. Accordingly, the Loan Notes may not be offered or sold, directly or
indirectly, in France.

Lazard is acting exclusively for Moet Hennessy Investissements and Moet Hennessy
and no-one else in connection with the Offers and will not be responsible to
anyone other than Moet Hennessy Investissements and Moet Hennessy for providing
the protections afforded to clients of Lazard nor for providing advice in
relation to the Offers.

This announcement does not constitute an offer or invitation to purchase any
securities or a solicitation of an offer to buy any securities pursuant to the
Offers or otherwise.

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