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Prestbury Group PLC (PBG)


Tuesday 03 October, 2000

Prestbury Group PLC

Result of Meeting

Prestbury Group PLC
3 October 2000

Court Hearing Sanctions Scheme

Prestbury Group PLC announces that at a Court Hearing earlier today the Scheme
of Arrangement effecting the proposed return of value to shareholders was
approved.  Accordingly, it is expected that the AIM trading facility will be
cancelled with effect from the commencement of business on Wednesday, 4
October 2000.  As set out in the Circular to Shareholders dated 23 August
2000, the initial return of value is expected to be despatched by Wednesday,
25 October 2000.

Credit Suisse First Boston (Europe) Limited, which is regulated in the UK by
The Securities and Futures Authority Limited, has approved the contents of
this announcement solely for the purposes of Section 57 of the Financial
Services Act 1986.

Credit Suisse First Boston (Europe) Limited is acting exclusively for
Prestbury Group PLC and no one else in connection with the return of capital
and related proposals and will not be responsible to anyone other than
Prestbury Group PLC for providing the protections afforded to customers of
Credit Suisse First Boston (Europe) Limited or for giving advice in relation
to the return of capital and related proposals.

The directors of Prestbury Group PLC accept responsibility for the information
contained in this announcement and, to the best of their knowledge and belief
(having taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.


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