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Yorklyde PLC (YKLD)

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Monday 01 July, 2002

Yorklyde PLC

Response to BMH Announcement

Yorklyde PLC
1 July 2002

FOR IMMEDIATE RELEASE

YORKLYDE PLC


RESPONSE TO ANNOUNCEMENT BY BRITISH MOHAIR HOLDINGS LIMITED ('BMH') EARLIER
TODAY UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES.


The Directors of Yorklyde plc ('Yorklyde' or the 'Company') note the
announcement made by BMH earlier today.  In this, BMH states that it has taken
an option over 3,130,000 Ordinary shares in the Company, exercisable on or
before 12th July 2002.  Taken together with shares already held by BMH, the
exercise of this option would require BMH to make a general offer to all
shareholders in Yorklyde under the rules of the City Code on Takeovers and
Mergers at a price at least equal to the highest price paid by BMH in the three
months prior to and including the exercise date of the option.

The Directors of Yorklyde will be contacting representatives of BMH to clarify
their intentions.


Enquiries:



Yorklyde plc: Humphrey Scott, tel. 01484 683611
Ernst & Young LLP Corporate Finance: Andrew Kitchingman, tel. 07785 708167


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

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