JASMIN IN BUYOUT TALKS - Several Interested Parties

Jasmin PLC

Update

In response to the recent increase in the Company's share price, Jasmin PLC
('Jasmin' or 'the Company') announces that it has entered into preliminary
discussions with a prospective purchaser (which may or may not lead to an offer
for the company), with a view to establishing an arrangement that will allow
Jasmin to trade out of it's current cash constrained position as reported in its
trading update on 24 December 2003.

The potential buyer has yet to give any indication of its valuation of Jasmin.
The Board also believes that there are a number of other interested parties, but
at this stage there have been no formal discussions with any of the other
interested parties whilst the prospective purchaser, with whom the Company is in
talks, conducts due diligence. If none of the prospective approaches lead to the
sale of the Company, then the Board will be required to renegotiate its ongoing
financial support by its lenders in respect of the Company's future trading.

The Directors will keep the market informed of developments.

-----------------------------------------------------------------------------------
What do you think Jasmin will go for, Current NAV according to ADVFN is 110p.