Further re Discussions

RNS Number:8866P
C.I. Traders Limited
17 September 2003

For Immediate Release

                              C.I.Traders Limited

    Further Announcement - Eldridge , Pope & Co p.l.c.( " Eldridge Pope " )

On 26 August 2003 the Board of C.I .Traders Limited ( "CIT" ) made an
announcement  in respect of  Eldridge Pope to confirm that discussions had taken
place with a  view to exploring whether acceptable terms could be agreed upon
for a possible offer by CIT for Eldridge Pope . The announcement went on to
state that active discussions were not taking place at that time .

After consideration of various factors including the result of the tender 
offer, the content of the recent shareholder meeting at which senior management
presented their strategy and following further evaluation the Board wishes to
state that CIT  has no present intention of making an offer for Eldridge Pope .

The Board does however reserve the right to change this view in the event of a
third party partial or full offer being made for Eldridge Pope or in the event
of CIT securing an Eldridge Pope board recommendation for an offer from CIT on
terms acceptable to CIT .

The Board also reserves the right  at the same time to change this view in the
event that Eldridge Pope announces a rights issue or other public funding or
seeks to enter into a transaction that requires the approval of shareholders in
a general meeting .


17 September 2003

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