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Thursday 07 September, 2000


Statement re Artisan Circular PLC
7 September 2000

    Plc ('EPA')

The Board of EPA has reviewed the contents of the
circular sent to its shareholders by Artisan (UK) Plc
('Artisan') on 31st August 2000.

In its circular to shareholders dated 23rd August 2000,
the Board of EPA stated 'It is your Board's belief that
Artisan's approach is an opportunistic attempt to obtain
your company's cash assets without making a formal offer
to shareholders and without presenting any alternative
strategy for EPA and its shareholders to consider'.

Accordingly the Board of EPA sought an explanation from
Artisan on two key issues:

-    Why does Artisan not propose to make an offer to all
     EPA shareholders?
-    What alternative strategy does Artisan propose for

The circular from Artisan does not provide an answer to
either of these key issues.

Accordingly, the Board of EPA unanimously recommends all
shareholders to vote against all resolutions set out in
the notice of the meeting.

Press enquires: plc:

Benjamin Ng, Chief Executive
Phill Brown, Director (Corporate Relations)
Telephone:  01274 623478

Altium Capital Limited
Nominated Adviser to plc
Garry Levin        
Telephone:  0207 484 4081

Biddick Associates Limited
Public Relations Advisers to plc
Zoe Biddick, Shane Dolan & James Benjamin    
Telephone:  0207 464 4280


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