SAR - Options in Asite Plc

RNS Number:3876Q
Asite PLC
30 September 2003

                      Asite plc (the "Company" or "Asite")

                       Issue of Options - SARs Disclosure

The Company was notified on 29 September 2003 by B&C Plaza Limited ("B&C") that
B&C have granted options over 17,362,400 ordinary shares in the Company,
representing approximately 16.8% of the entire issued share capital of Asite, to
O'Rourke Investments Plc ("O'Rourke").

Should O'Rourke exercise the 17,362,400 options over ordinary shares in the
Company, B&C's holding in Asite would fall from 26,607,062 ordinary shares,
representing approximately 25.9% of the existing issued share capital of Asite,
to 9,244,662, representing approximately 9.0% of the existing issued share
capital of the Company.

Further details relating to the acquisition of options over Asite ordinary
shares are disclosed in the Substantial Acquisitions of Shares notice below.

                DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                  SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

Date of disclosure

1 October 2003



Date of acquisition


29 September 2003



Acquisition in (name of company)


Asite plc



1. Class of voting shares (eg ordinary shares)


Ordinary Shares



Number of shares/rights over shares acquired


17,362,400                                                  Rights



If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights


Call Options @10p each over Ordinary Shares



2. Resultant total holding of voting shares (and % of total voting shares in
issue)


1,730,770                                            1.68%



Resultant total holding of rights over shares (and % of total voting shares in
issue)


17,362,400                                           16.87 %



Total percentage


18.55%



3. Party making disclosure


Asite plc



4. (a) Name of person acquiring shares or rights over shares


O'Rourke Investments Plc (ultimate holding company of Laing O'Rourke Plc)



and, if different, beneficial owner


-



(b) Names of any other persons acting by agreement or understanding (see SAR 5)


-



Signed, for and on behalf of the party named in (3) above






(Also print name of signatory)


Tom Dengenis



Telephone and extension number


020 7647 5151



Note.   Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section.  Tel. No: 020 7638 0129.



Email:[e-mail]




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