CAV Cavalier Homes

0.00

0.00 (0.00%)

- - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Cavalier Homes	AMEX:CAV	AMEX	Ordinary Share

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%					0.00	-

STATEMENT: CHELSEA VILLAGE

24/07/2003 8:01am

UK Regulatory

RNS Number:9050N
Takeover Panel
24 July 2003

                                                                         2003/19
                               CHELSEA VILLAGE PLC


The Executive refers to today's announcement by the Financial Services Authority
that it is conducting enquiries into the nature and status of certain
shareholdings in Chelsea Village Plc in the period preceding the announcement of
the bid on behalf of Chelsea Limited.

The Executive has discussed this matter with the FSA and has agreed that, given
the range of potential issues, it would be appropriate for the FSA initially to
conduct the enquiries.  In the event that matters come to light which fall to be
considered under the City Code the Executive will, if appropriate, conduct its
own enquiries at the relevant time.

The Executive understands that these enquiries are unconnected with Chelsea
Limited and they will therefore not affect its offer timetable.

24 July 2003


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