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Queens Moat Houses (65JS)

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Tuesday 26 October, 2004

Queens Moat Houses

Effective Date and Delisting

Queens Moat Houses PLC
26 October 2004

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITY, NOR IS IT A SOLICITATION OF ANY VOTE
OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR
TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION
IN CONTRAVENTION OF APPLICABLE LAW.



                                                                 26 October 2004

                     ACQUISITION OF QUEENS MOAT HOUSES PLC

            SCHEME BECOMES EFFECTIVE AND QUEENS MOAT SHARES DELISTED

Recommended cash acquisition of Queens Moat by W2001 Britannia LLC by means of a
scheme of arrangement (the 'Scheme') under section 425 of the Companies Act 1985
(the 'Acquisition')

Queens Moat and Whitehall 2001 are pleased to announce that the Scheme has
become effective following delivery today of the Court order sanctioning the
Scheme to the Registrar of Companies. The QMH Shares have also today been
delisted from the Official List of the UK Listing Authority and removed from
trading on the London Stock Exchange.

Terms used in this announcement shall have the same meanings as set out in the
Scheme document dated 22 September 2004.

Enquiries:

Morgan Stanley

(Financial adviser to Queens Moat)

Brian Magnus

Tel: +44 (0) 20 7425 8000

Morgan Stanley is acting for Queens Moat and no one else in connection with the
Acquisition and the Scheme and will not be responsible to anyone other than
Queens Moat for providing the protections afforded to clients of Morgan Stanley
nor for providing advice in connection with the Acquisition or the Scheme.

Goldman Sachs International

(Financial adviser to Whitehall 2001)

Richard Campbell-Breeden

Basil Geoghegan

Tel: +44 (0) 20 7774 1000



Goldman Sachs International is acting for Whitehall 2001 and no one else in
connection with the Acquisition and the Scheme and will not be responsible to
anyone other than Whitehall 2001 for providing the protections afforded to
clients of Goldman Sachs International nor for providing advice in connection
with the Acquisition or the Scheme.


College Hill Associates

(Financial public relations advisor to Queens Moat)

Mark Garraway

Crawford Burden

Tel: +44 (0) 20 7457 2020

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in any such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.

This announcement is not an offer for sale of securities in the United States or
any other jurisdiction, and securities may not be offered or sold in the United
States absent registration under the Securities Act of 1933 or an exemption from
registration.

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

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