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Monday 23 September, 2002

Rowan Dartington &Co

Offer Update

Rowan Dartington & Co. Limited
23 September 2002

               British Mohair Holdings Limited ('British Mohair')

         Recommended Mandatory Cash Offer for Yorklyde Plc ('Yorklyde')

                                  Offer Update

British Mohair announces that its cash offer for Yorklyde closed at 3.00 p.m. on
20 September 2002. At the close, British Mohair had received valid acceptances
in respect of 4,200,523 Yorklyde shares, representing approximately 40.24per
cent. of Yorklyde's issued share capital. These shares, together with the
6,080,000 Yorklyde shares already held by British Mohair, mean that in aggregate
British Mohair controls 10,280,523 Yorklyde shares, representing approximately
98.47 per cent. of Yorklyde's issued share capital.

British Mohair has written to the remaining shareholders of Yorklyde to apply
the provisions of sections 428 to 430 of the Companies Act 1985 to acquire
compulsorily any Yorklyde shares in respect of which valid acceptances have not
been received.

This announcement for which the directors of British Mohair are responsible, has
been approved for the purpose of section 21 of the Financial Services and
Markets Act 2000 by Rowan Dartington & Co. Limited.

Rowan Dartington & Co. Limited, which is regulated by the Financial Services
Authority, is acting as financial adviser to British Mohair and no one else in
relation to the Offer and will not regard any other person as its customer or be
responsible to anyone other than British Mohair for providing a protection
awarded to customers of Rowan Dartington & Co. Limited nor for providing advice
in relation to the Offer.

                      This information is provided by RNS
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