RNS Number:4490L
Westside Acquisitions PLC
22 May 2003



                           Westside Acquisitions plc

                         ("Westside" or "the Company")

On 21 May 2003 the High Court approved the cancellation of the Company's share
premium account, being the sum of #4,443,200, and a certificate was issued by
the Registrar of Companies on 22 May 2003 enabling the Tender Offers announced
on 18 March 2003 to be completed.

A total of 13,085,898 Westside Shares, representing approximately 11.84 per
cent. of the Company's current issued share capital, are today being purchased
on-market by Seymour Pierce Limited at 3p each and these shares will then be
purchased today on-market by the Company at the same price for cancellation. The
Company will also today purchase 1,731,000 Westside Warrants exercisable at 2.5p
per share until 7 December 2004 ("Westside Warrants") at 0.5p (being 3p less the
warrant exercise price of 2.5p) and these warrants will then be purchased today
on-market by the Company at the same price for cancellation. As indicated in the
announcement on 9 April 2003, all valid tenders were accepted in full.

Payment for shares and warrants tendered will be made by 29 May 2003 and new
share and warrant certificates, where required, will be dispatched by 29 May
2003.

The aggregate consideration payable to shareholders and warrantholders validly
accepting the Tender Offers is #401,231.94. After taking into account the
consideration payable and the costs incurred in relation to the Tender Offers
and the Offers for RTI announced on 18 March 2003, the Company had cash balances
of approximately #2,235,529 (based on the unaudited cash balances as at 22 May
2003).

As a result of the Tender Offers, the number of Westside Shares in issue will
reduce from 110,535,145 to 97,449,247 and the number of Westside Warrants in
issue will reduce from 8,762,128 to 7,031,128.

The Company also has authority to make further on-market purchases of up to
5,838,379 Westside Shares, equivalent to approximately 6 per cent. of the issued
ordinary share capital of the Company, as reduced by the Tender Offers. The
tables below summarise the effect of the Tender Offers, implemented today, on
the holdings of Directors and those shareholders having a disclosable interest.

Westside Shareholdings - Directors

Director    Prior to the Tender Offers     Following the Tender Offers



               Number of       % of the       Number of       % of the
            Westside Shares  issued share  Westside Shares  issued share
            interested in     capital      interested in     capital



Richard        11,230,681         10.16       11,230,682         11.52
Owen

Geoffrey       11,230,681         10.16       11,230,682         11.52
Simmonds

David             600,000          0.54          600,000          0.62
Meddings

John            3,427,272          3.10        3,427,272          3.52
Zucker

David             690,909          0.63          690,909          0.71
Coldbeck

Westside Warrantholdings (exercisable at 2.5p until 7 December 2004) - Directors

Director    Prior to the Tender Offers     Following the Tender Offers



               Number of       % of the       Number of       % of the
               Westside         issued        Westside         issued
               Warrants        Westside       Warrants        Westside
            interested in     Warrants     interested in     Warrants



Richard                 -             -                -             -
Owen

Geoffrey                -             -                -             -
Simmonds

David             400,000          4.57          400,000          5.69
Meddings

John            2,000,000         22.83        2,000,000         28.44
Zucker

David             400,000          4.57          400,000          5.69
Coldbeck



Westside Warrantholdings (exercisable at 2.75p until 21 December 2005) -
Directors

Director    Prior to the Tender Offers     Following the Tender Offers



             Number of New     % of the     Number of New     % of the
               Westside       issued New      Westside       issued New
               Warrants        Westside       Warrants        Westside
            interested in     Warrants     interested in     Warrants



Richard         2,636,363         20.73        2,636,363         20.73
Owen

Geoffrey        2,636,363         20.73        2,636,363         20.73
Simmonds

David              47,272          0.37           47,272          0.37
Meddings

John              229,090          1.80          229,090          1.80
Zucker

David              70,000          0.55           70,000          0.55
Coldbeck


Westside Shareholdings - Shareholders with a disclosable interest

Name               Prior to the Tender         Following the Tender
                        Offers                       Offers



                 Number of      % of the      Number of      % of the
                  Westside       issued        Westside       issued
                   Shares         share         Shares         share
                 interested     capital       interested     capital
                    in                           in



HSBC Global       3,718,181         3.36       3,718,181         3.82
Custody
Nominee (UK)
Ltd



Lafferty          3,654,545         3.31       3,654,545         3.75
Limited



Warren            3,409,090         3.08       3,409,090         3.50
Roiter



William           8,977,272         8.12       8,977,272         9.21
Weston


Westside Warrantholdings (exercisable at 2.5p until 7 December 2004) -
Warrantholders with a disclosable interest

Name        Prior to the Tender Offers     Following the Tender Offers



               Number of       % of the       Number of       % of the
               Westside         issued        Westside         issued
               Warrants        Westside       Warrants        Westside
            interested in     Warrants     interested in     Warrants



Seymour         1,000,000         11.41                -             -
Pierce
Limited



Puma              248,364          2.83          248,364          3.53
Nominees



Sky             1,000,000         11.41        1,000,000         14.22
Capital UK
Nominees



Warren          2,000,000         22.83        2,000,000         28.44
Roiter


Westside Warrantholdings (exercisable at 2.75p until 21 December 2005) -
Warrantholders with a disclosable interest

Name       Prior to the Tender Offers     Following the Tender Offers



            Number of New     % of the     Number of New     % of the
              Westside       issued New      Westside       issued New
              Warrants        Westside       Warrants        Westside
           interested in     Warrants     interested in     Warrants



William          909,090          7.15          909,090          7.15
Weston



Seymour          436,363          3.43          436,363          3.43
Pierce
Limited



Lafferty         910,909          7.16          910,909          7.16
Limited



Warren         2,409,090         18.94        2,409,090         18.94
Roiter

Seymour Pierce is acting exclusively for Westside and no one else in connection
with the Tender 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 Tender Offers.

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 circular issued by Westside on 18
March 2003.




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

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