Peacock Group

Offer Update

Peacock Group PLC
13 January 2006

The Peacock Group plc: OFFER UPDATE

13 January 2006

Scheme of Arrangement Effective

The Peacock Group plc ("Peacock") announces that on 11 January 2006 the Court
granted an order sanctioning the Scheme and confirming the associated Capital
Reduction (the "Order").  The Order was delivered to the Registrar of Companies
and registered this morning. Accordingly the Scheme has now become effective.

Peacock requested that the UKLA suspend its shares from 7.30 a.m. today pending
the Scheme becoming effective and anticipates that the delisting of its shares
will become effective on 17 January 2006.

Now that the Scheme has become effective, a number of persons discharging
managerial responsibilities for Peacock and each of the Directors of Peacock
will acquire Shares pursuant to the exercise of their Options. These Shares will
be sold following the delisting of Peacock in accordance with Peacock's amended
articles of association.  The acquisition of these Shares is notified in
accordance with DR 3.1.4(R)(1)(a) and DR 3.1.4(R)(1)(b).

Note: Any term used but not defined in this announcement is as defined in the
Scheme Document circulated to the Shareholders dated 14 November 2005.

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