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Tomkinsons PLC (TMKN)


Wednesday 20 October, 1999

Tomkinsons PLC

Gaskell Goes for Compulsory Purchase of Tomkinsons

20 October 1999

Not for release, publication or distribution in or into
the United States of America, Canada, Japan or Australia

Gaskell PLC
Recommended Offer for Tomkinsons plc

On 28 September 1999, Gaskell declared its recommended offer for Tomkinsons to
be wholly unconditional. 

By 3:00 p.m. on 19 October 1999, Gaskell had received acceptances in respect
of 6,194,682 Tomkinsons Shares, representing approximately 95.7 per cent. of
the issued share capital of Tomkinsons to which the Offer relates.
Accordingly, Gaskell now intends to apply the provisions of sections 428 to
430F of the Companies Act 1985 (the 'Act') to acquire compulsorily the
Tomkinsons Shares in respect of which valid acceptances of the Offer have not
been received or which are not already held by Gaskell.  Pursuant to section
430 of the Act, recipients of notices under section 429(4) of the Act will be
entitled to make a mix and match election and/or elect for Loan Notes on the
same basis as under the Offer.  However, Gaskell's ability to satisfy such mix
and match elections will be limited to and dependent upon the extent to which
other recipients of notices under section 429(4) of the Act make offsetting

As contemplated in the offer document dated 3 September 1999 Gaskell intends,
in due course, to apply for the cancellation of Tomkinsons' listing on the
London Stock Exchange.

Richard Hopkin, Finance Director       01282 777429
Gaskell PLC

Paul Simpson       0161 827 3800
N M Rothschild & Sons Limited

Ian Hunter       0121 631 2299
Citigate Dewe Rogerson

Terms defined in the Listing Particulars and Offer Document, both dated 3
September 1999, have the same meaning in this press release, unless the
context requires otherwise.

N M Rothschild & Sons Limited, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting exclusively for Gaskell
and no one else in connection with the Offer and the matters referred to
herein and will not be responsible to any person other than Gaskell for
providing the protections afforded to its customers or for providing advice in
relation to the Offer and the other matters referred to in this press release.


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