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Church & Co PLC (CHCH)

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Thursday 28 October, 1999

Church & Co PLC

PRADA Offer Closed

CHURCH & CO PLC
28 October 1999

                                                                           
   Not for release, publication or distribution in, into or from the United   
                States of America, Canada, Australia or Japan.                
            
                      PRADA Holding UK PLC ('PRADA UK')                       
                                                                              
                         a wholly owned subsidiary of                         
                                                                              
                              PRADA Holding B.V.                              
                                                                              
                            Recommended Cash Offer 
                           
                                      for   
                       
                         Church & Co. PLC ('Church')                          
                                                                              
                                 Offer Closed                                 


PRADA UK announces that its recommended cash offer for Church is now closed
and no further acceptances may be received.  PRADA UK has not yet declared the
recommended cash offer wholly unconditional.

At 3.00 pm on 27 October 1999 PRADA UK owned or had received valid acceptances
in respect of 10,651,978 Church Shares, representing approximately 95.8 per
cent. of the issued share capital of Church.

PRADA UK has received valid acceptances in respect of 9,656,978 Church Shares,
representing approximately 86.8 per cent. of the issued share capital of
Church. Included in the acceptances of the Offer are acceptances in respect of
3,572,967 Church Shares which were the subject of irrevocable undertakings to
accept the Offer from certain shareholders of Church.  During the Offer
Period, PRADA UK acquired a further 1,742,901 Church Shares representing
approximately 15.7 per cent. of the issued share capital of Church.  Prior to
the commencement of the Offer Period on 2 September 1999, PRADA UK and
connected parties owned 995,000 Church Shares representing approximately 8.9
per cent. of the issued share capital of Church.

Other than as disclosed above, neither PRADA UK nor any persons acting, or
deemed to be acting, in concert with them owned or controlled any Church
Shares (or rights over such shares) prior to the commencement of the Offer
Period nor has PRADA UK or any such person acquired or agreed to acquire any
Church Shares (or rights over such shares) since the commencement of the Offer
Period.

Terms defined in the Offer Document dated 22 September 1999 have the same
meaning in this announcement.

Enquiries:

Flemings
Julian Oakley
Tel: 0171 638 5858

The Offer is not being made directly or indirectly in, into or from, or by use
of the mails or any means or instrumentality (including, without limitation,
facsimile transmission, telex, telephone or internet) of interstate or foreign
commerce of, or any facilities of a national securities exchange of the United
States, Canada, Australia or Japan and the Offer is not capable of acceptance
by any such use, means, instrumentality or facilities from within the United
States, Canada, Australia or Japan.

Robert Fleming & Co. Limited ('Flemings'), which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, is acting exclusively
for PRADA Holding B.V. and PRADA Holding UK PLC and no one else in connection
with the Offer and will not be responsible to anyone other than PRADA Holding
B.V. and PRADA Holding UK PLC for providing the protections afforded to
customers of Flemings or for giving advice in relation to the Offer.


                                                                                                                                                                                                                                 

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