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VHE Holdings PLC (VHE)

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Thursday 08 November, 2001

VHE Holdings PLC

Offer Update

VHE Holdings PLC
8 November 2001



VHE Holdings plc ('VHE')


On 8 November 2001, the Directors of VHE sent a letter to VHE shareholders
updating them on the offer made by Montpellier Group plc ('Montpellier') for
VHE (the 'Offer') and notice of the cancellation of the listing of VHE shares
on the Official List of the UK Listing Authority (the 'Listing').

Montpellier announced that, as at 3.00pm on 6 November 2001, it had received
valid acceptances of the Offer in respect of 13,829,333 VHE shares,
representing approximately 43.08 per cent. of VHE's issued ordinary share
capital.  This level of acceptances, together with the VHE shares already
owned by Montpellier, which represent 19.97 per cent. of VHE's issued ordinary
share capital, means that, in aggregate, Montpellier controls 63.05 per cent.
of VHE's issued ordinary share capital.  Montpellier also announced that the
Offer will remain open for acceptance until 3.00pm on 14 December 2001 at
which time it will close.

Montpellier has requested that VHE now applies to the UK Listing Authority to
have its Listing cancelled.  VHE hereby gives notice that it has applied to
have the listing of VHE shares on the Official List of the UK Listing
Authority cancelled.  The cancellation of the Listing is expected to take
effect on 7 December 2001.  From that date trading of VHE shares on the London
Stock Exchange will cease.

Further details are contained in the letter to VHE shareholders dated 8
November 2001.  Copies of the letter are available from the registered office
of the Company at Engine Lane, Shafton, Barnsley, South Yorkshire SY2 8SP.


For further information:


Roger Feast, Chairman, VHE Holdings plc                     01226 715666

Philip Johnson, Brown, Shipley & Co. Limited                0161 214 6540


The directors of VHE accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the directors
of VHE (who have 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.


END



                                                  

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