Result of Tender Offer

RNS Number:1607P
SDA Limited
29 August 2003

For immediate release
29 August 2003


Result of tender offer by PricewaterhouseCoopers LLP on behalf of SDA Limited to
purchase up to 4,779,342 ordinary shares of 50 pence each in Eldridge, Pope &
Co., p.l.c.

On 7 August 2003, SDA Limited ("SDA") announced a tender offer to purchase up to
4,779,342 ordinary shares in Eldridge, Pope & Co., p.l.c. ("Eldridge Pope") at
165 pence per ordinary share.

At the close of the tender offer at 3.00pm on 28 August 2003, tenders had been
received for a total of 538,495 ordinary shares of 50 pence each, representing
2.18 per cent. of the Eldridge Pope ordinary shares in issue.

Settlement arrangements will be made in accordance with the terms of the tender
offer document.

Following the completion of the tender offer, SDA and Mr Michael Cannon will
together beneficially own 3,180,495 Eldridge Pope ordinary shares, representing
approximately 12.85 per cent. of the Eldridge Pope ordinary shares in issue.


Enquiries:

SDA
Peter Large                               01865 263000

PricewaterhouseCoopers LLP, financial advisers to SDA
Sean Williams                             020 7213 5579
Gerry Young                               020 7212 4027


PricewaterhouseCoopers LLP is acting exclusively for SDA Limited and no one else
in connection with the tender offer and will not be responsible to anyone other
than SDA Limited for providing protections afforded to clients of
PricewaterhouseCoopers LLP or for giving advice in relation to the tender offer.




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