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Durlacher Corp PLC (PMR)

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Tuesday 15 July, 2003

Durlacher Corp PLC

Further re Offer

Durlacher Corporation PLC
15 July 2003

Durlacher Corporation Plc
For immediate release
15 July 2003

This announcement is not for release, publication or distribution in or into the
USA, Canada, Australia or Japan.


 
                        Recommended Offer ('the Offer')
                                       by
                          Nabarro Wells & Co. Limited
                                  on behalf of
                           Durlacher Corporation Plc
                                      for
                                 web-angel plc


                  Level of acceptances and Extension of Offer


The board of Durlacher announces that, at 3.00 p.m. on 14 July 2003, being the
first closing date of the Offer, acceptances of the Offer valid in all respects
had been received in respect of a total of 103,579,242 web-angel Shares,
representing approximately 79.65 per cent. of the existing issued share capital
of web-angel.

Prior to making the Offer, Durlacher had received irrevocable undertakings to
accept the Offer in respect of 84,226,379 web-angel Shares, representing
approximately 64.8 per cent. of the issued share capital of web-angel.  Valid
acceptances have been received in respect of all the shares subject to these
undertakings and are included in the total for valid acceptances stated above.

The Offer has been extended for a further 14 days.  The next closing date will
be 3.00 p.m. on 28 July 2003.  web-angel Shareholders who wish to accept the
Offer but have not yet done so are strongly encouraged to return their completed
form of acceptance as soon as possible.

Words and expressions used in this announcement shall bear the same respective
meanings as defined in the Offer Document dated 23 June 2003, unless the context
otherwise requires.

Enquiries

Durlacher Corporation plc                        020 7459 3600
Christopher Stainforth, Chief Executive
Sophie Dawn, Marketing / Communications          0207 459 5762

Nabarro Wells & Co Limited                       020 7710 7400
Nigel Atkinson / David Nabarro

Bell Pottinger Financial                         020 7861 3232
David Rydell / Billy Clegg

KBC Peel Hunt                                    020 7418 8900
Christopher Holdsworth-Hunt / Jonathan Marren


Nabarro Wells, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for Durlacher and no one else in
connection with the Offer and will not be responsible to anyone other than
Durlacher for providing the protections afforded to clients of Nabarro Wells nor
for giving advice in relation to the Offer.  The contents of this announcement
have been approved by Nabarro Wells for the purposes of s21 of the Financial
Services and Markets Act 2000.

KBC Peel Hunt, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for web-angel and no one else in
connection with the Offer and will not be responsible to anyone other than
web-angel for providing the protections afforded to clients of KBC Peel Hunt nor
for giving advice in relation to the Offer.

This announcement does not constitute nor form any part of an offer or
invitation to purchase any securities.

The availability of the Offer to persons who are citizens, nationals or
residents of countries outside the UK may be affected by the laws of the
relevant jurisdictions.  Persons who are citizens, nationals or residents of
countries outside the UK should inform themselves of, and observe, any
applicable legal requirements.

The Offer is not being made, directly or indirectly in or into the United
States, Canada, Australia or Japan. Accordingly, copies of this announcement and
any other document relating to the Offer, are not being, and must not be, mailed
or otherwise distributed or sent in or into the United States, Canada, Australia
or Japan.



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

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