Offer Update

RNS Number:7576O
Enneurope PLC
18 August 2003


Monday 18 August 2003

            ENNEUROPE PLC ("ENNEUROPE") - LEVEL OF ACCEPTANCES OF
                    THE RECOMMENDED OFFERS ("OFFERS") FOR
               NEW OPPORTUNITIES INVESTMENT TRUST PLC ("NOIT")
                              - OFFERS EXTENDED

              NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
             INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR
                           THE REPUBLIC OF IRELAND

In aggregate Enneurope owns or has received valid acceptances of the Offers in
respect of 10,978,093 NOIT Shares (representing approximately 46.66 per cent. of
the existing issued share capital of NOIT) and 2,307,648 Warrants (representing
approximately 52.90 per cent. of the issued Warrants).

The total number of acceptances received includes acceptances in respect of NOIT
Shares and Warrants which were the subject of the irrevocable undertakings to
accept the Offers referred to below.

By 3.00 pm (London time) on 15 August 2003, Enneurope had received valid
acceptances of the Offers from the holders of 10,100,293 NOIT Shares
(representing approximately 42.93 per cent. of the existing issued share capital
of NOIT) and the holders of 2,132,088 Warrants (representing approximately 48.88
per cent. of the issued Warrants). The Offers have been extended and the next
closing date for the Offers will be 3.00 pm on Friday 22 August 2003.

Immediately prior to the commencement of the Offer Period, Enneurope held
877,800 NOIT Shares, (representing approximately 3.73 per cent. of the issued
share capital of NOIT) and 175,560 Warrants (representing approximately 4.02 per
cent. of the issued Warrants). In addition, Enneurope had received irrevocable
undertakings in respect of 6,204,828 NOIT Shares (representing approximately
26.37 per cent. of the existing issued share capital of NOIT) and 1,024,000
Warrants (representing approximately 23.47 per cent. of the issued Warrants).

Prior to the commencement of the Offer Period on 25 February 2003, save as
disclosed in the offer document dated 5 July 2003, neither Enneurope nor any
person acting or deemed to be acting in concert with it owned any NOIT Shares
(or rights over such shares) or Warrants nor since that date (other than as
disclosed above) has Enneurope or any person acting in concert with it acquired
or agreed to acquire any NOIT Shares (or rights over such shares) or Warrants.

This announcement, which is the sole responsibility of Enneurope, has been
approved by Altium Capital solely for the purpose of Section 21 of the Financial
Services and Markets Act 2000.

Altium Capital, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Enneurope as financial
adviser (within the meaning of the Rules of the Financial Services Authority)
and no-one else in connection with the Offers and is not advising any other
person or treating any other person as its client in relation thereto and will
not be responsible to anyone other than Enneurope for providing the protections
afforded to clients of Altium Capital or for providing advice in relation to the
Offers, the contents of this announcement or any other matters referred to
herein.

Terms defined in the offer document dated 5 July 2003 relating to the Offers
bear the same meanings when used in this announcement.

Enquiries:

Enneurope
Vaughan McLeod                                                    01332 694444

Altium Capital
Phil Adams                                                       0161 831 9133







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

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