RNS Number:5999K
Westside Acquisitions PLC
01 May 2003


Not for release, publication or distribution, in whole or in part, in or into
the United States, Canada, Australia, Ireland, South Africa or Japan


                           Westside Acquisitions plc

                                  ("Westside")

        RECOMMENDED OFFERS BY SEYMOUR PIERCE LIMITED ("SEYMOUR PIERCE")

                             ON BEHALF OF WESTSIDE

                 FOR REVERSE TAKE-OVER INVESTMENTS PLC ("RTI")


On 18 March 2003, the Boards of Westside and RTI announced the terms of an offer
to be made by Seymour Pierce, on behalf of Westside, to acquire the entire
issued and to be issued share capital of RTI (other than those RTI Shares
already owned, or contracted to be acquired, by Westside through its wholly
owned subsidiary Westside Investments Limited) on the basis of 4 New Westside
Shares for every 11 RTI Shares, together with a cash alternative of 0.75 pence
for each RTI Share ("the Share Exchange Offer").

In addition, the Boards of Westside and RTI also announced the terms of an offer
to be made by Seymour Pierce, on behalf of Westside, for all the RTI Warrants in
issue (other than those RTI Warrants already owned, or contracted to be
acquired, by Westside through its wholly owned subsidiary Westside Investments
Limited) on the basis of 4 New Westside Warrants for every 11 RTI Warrants in
issue, together with a cash alternative of 0.01 pence per RTI Warrant ("the
Warrant Offer").

Westside is pleased to announce that both the Share Exchange Offer and the
Warrant Offer have today been declared unconditional as to acceptances. In
addition, Westside is pleased to announce that all conditions of both the Share
Exchange Offer and the Warrant Offer have been satisfied or, where permitted,
waived and that the Share Exchange Offer and the Warrant Offer have today been
declared unconditional in all respects.

Westside announces that as at 3.00 p.m. on 30 April 2003, being the second
closing date of the Offers, valid acceptances of the Offers which are complete
in all respects have been received in respect of a total of 85,460,433 RTI
Shares, representing approximately 57.76 per cent. of the current issued
ordinary share capital of RTI (or 87.27 per cent. of the current issued ordinary
share capital of RTI not already owned, or contracted to be acquired, by
Westside through its wholly owned subsidiary Westside Investments Limited) and a
total of 37,593,714 RTI Warrants, representing approximately 70.14 per cent. of
the issued RTI Warrants (or approximately 91.46 per cent. of the issued RTI
Warrants not already owned, or contracted to be acquired, by Westside through
its wholly owned subsidiary Westside Investments Limited).

Westside already holds, through its wholly owned subsidiary Westside Investments
Limited, 50,000,000 RTI Shares, representing 33.8 per cent. of the issued share
capital of the Company, and 12,500,000 RTI Warrants, representing 23.32 per
cent. of the RTI Warrants in issue.

Prior to making the Offers, Westside received undertakings to accept the Offers
in respect of 26,437,500 RTI Shares representing 17.87 per cent of the existing
issued share capital of RTI and undertakings in respect of 24,375,000 RTI
Warrants, representing 45.48 per cent. of the issued RTI Warrants. Valid
acceptances have now been received in respect of 26,437,500 RTI Shares and
24,375,000 RTI Warrants.

Westside stated in the offer document posted to shareholders and warrantholders
of RTI on 18 March 2003 that, in the event that the Share Exchange Offer was
declared or became unconditional in all respects, Westside would procure the
making of an application to withdraw the trading facilities for RTI Shares and
RTI Warrants from OFEX. RTI has today made an application for the OFEX trading
facilities to be withdrawn and it is anticipated that these facilities will be
withdrawn by the close of business on 1 May 2003.

Save as disclosed in the Offer Document, neither Westside nor any person acting
in concert with Westside for the purposes of the Offers owned or controlled any
RTI Shares or RTI Warrants (or rights over such shares or warrants) immediately
before the commencement of the Offer Period or, during the Offer Period, has
acquired or agreed to acquire RTI Shares or RTI Warrants (or rights over such
shares or warrants) and, save as disclosed above, no acceptances of the Offers
have been received from persons acting or deemed to be acting in concert with
Westside for the purposes of the Offers.

The Offers remain open for acceptance until further notice and, accordingly,
those RTI shareholders and warrantholders who have not made a decision in
respect of the Offers are urged to complete and return their forms of acceptance
as soon as possible.



Enquiries:

Westside Acquisitions plc    David Meddings       Tel: 020 7644 8956
                             David Coldbeck       Tel: 01344 311 727

Hugo de Salis                St Brides Media      Tel: 020 7242 4477

Seymour Pierce Limited       Mark Percy           Tel: 020 7648 8700
                             Ewan Leggat


Seymour Pierce is acting exclusively for Westside and no one else in connection
with the Offers and will not be responsible to anyone other than Westside for
providing the protections afforded to customers of Seymour Pierce, nor for
providing advice in relation to the Offers or the New Westside Shares or New
Westside Warrants.

The availability of the Offers to persons who are not resident in the United
Kingdom may be affected by the laws of the relevant jurisdiction. Persons who
are not resident in the United Kingdom should inform themselves about and
observe any applicable requirements of the relevant jurisdictions.

This announcement does not constitute an offer or an invitation to purchase any
securities.

The Board of Westside accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Board of
Westside (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.

Expressions used in this announcement shall, unless the context otherwise
requires, bear the same meanings as in the offer document issued on behalf of
Westside on 18 March 2003 relating to the Offers.



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

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