Holding in Company

RNS Number:6519L
Renlin Limited
28 May 2003

Renlin Limited

28 May 2003


Re: Holding in Company


A letter from Mason Hayes & Curran Solicitors dated 27 May 2003 to the Irish
Stock Exchange, received by the Irish Stock Exchange 28 May 2003.



The Irish Stock Exchange Limited,

Anglesea Street,

Dublin 2



27 May 2003
                                                                 Our Ref:  NC/JC





Matter:          Recommended Cash Offer for Sherry FitzGerald Group PLC
                 Notification - Part IV Companies Act, 1990


Dear Sirs,


We refer to the Recommended Cash Offer by Renlin Limited to acquire all of the
issued and to be issued share capital of Sherry FitzGerald Group PLC.

We enclose formal notifications in respect of s53, s67 and s73 of the Companies
Act 1990 where there is a notifiable interest in relevant share capital in
Sherry FitzGerald Group PLC. This letter, and the notifications enclosed is sent
to you for and on behalf of all of the persons noted as making the notification,
subject as therein stated.

Please note that the receipt of acceptances and the subsequent making of
notifications in respect thereof does NOT mean the acceptances are complete in
all respects within the rules of the Irish Takeover Panel Act, 1997 as different
requirements apply under that Act.

If you have any queries about the enclosed, please contact Niamh Callaghan or
John Cronin of this office.

Yours faithfully,



MASON HAYES & CURRAN

cc  Sherry FitzGerald Group PLC



Renlin Limited, the Offeror for Sherry FitzGerald plc has in compliance with the
Companies Acts 1963 to 2001, been delivering notifications of interest and
attributed interests in shares in respect of which acceptances are being
received.



NOTE that these notifications are being made in compliance in particular with
the requirements of sections 53, 67 and 73 of the Companies Act 1990, and do not
represent a notification of the level of acceptances which are complete in all
respects and which would therefore count for the purposes of the Offer.  Note
also that any percentage level referred to relates to the percentage of all the
shares in the company and not to the percentage of the shares to which the offer
relates.







       NOTICE OF NOTIFIABLE INTEREST PRIVATE IN RELEVANT SHARE CAPITAL OF

                    SHERRY FITZGERALD PUBLIC LIMITED COMPANY

                 IN FULFILMENT OF THE OBLIGATION ARISING UNDER
                SECTIONS 67 et seq, 73 OF THE COMPANIES ACT 1990




1          To:                                    Sherry FitzGerald Group Public Limited Company, Ormonde
                                                  House, 12/13 Lower Leeson Street, Dublin 2
                                                  And to each of the notifying persons
                                                  And to the Irish Stock Exchange Limited, Anglesea Street,
                                                  Dublin 2.

2          Date:                                  27 May 2003

3          From:                                  Renlin Limited ("Renlin")
                                                  and the other notifying persons stated in Row 11 below

4          Persons making the notification:       Renlin Limited
                                                  and the other notifiying persons stated in Row 11 below

5          Notifiable interest in Ordinary Shares An interest was held in 1,828,682 Sherry FitzGerald shares,
           of Euro0.12 each of and in Sherry         representing 14.3% of the relevant share capital of Sherry
           FitzGerald Group Public Limited        FitzGerald Group Public Limited Company, by reason of the
           Company ("SherryFitz Shares")          disposal to Renlin by the following persons of the shares
           subsisting immediately before these    opposite their names:
           the acquisitions of interest the
           subject of this notice                 Mark Fitzgerald               1,040,569

                                                  Mari Hurley                   14,284

                                                  Philip Sherry                 171,233

                                                  Ross McParland                131,718

                                                  Michael Grehan                131,718

                                                  Simon Ensor                   131,718

                                                  Marian Finnegan               49,380

                                                  Clair Cullinan                79,031

                                                  Ian McCarthy                  79,031

                                                  In return for the allotment by Renlin of new shares in itself
                                                  to those persons.

                                                  Plus List of Acceptors in Appendix 1 attached.

6          Notifiable interests disclosed         The acquisition, on 27 May 2003 of a notifiable interest by
                                                  Renlin Limited in 10,528,583 Sherry FitzGerald Shares,
                                                  representing 92.52% of the relevant share capital of Sherry
                                                  FitzGerald Group Public Limited Company, by reason of the
                                                  receipt on 27 May 2003 of acceptances of the offer by Renlin
                                                  Limited which, when aggregated with acceptances received
                                                  before that date (and not previously notified) where such as
                                                  to increase the interest in Sherry FitzGerald shares through
                                                  at least one percentage point.

7          Identity of each registered holder of  See Appendix 2 attached
           shares to which the notification
           relates and the number of shares held
           by each of them

8          The number of shares in which the      On 27 May 2003 as at Row 6, the interest arises under
           interest of the person giving the      acceptances by Sherry FitzGerald Shareholders of the Offer by
           notification is such an interest as is Renlin Limited, which gives Renlin Limited a right and
           mentioned in Section 77(6) of the      obligation to acquire the shares.
           Companies Act 1990

9          Total interest held by Renlin after    A: Subject to the number of shares validly accepted being
           the acquisitions giving rise to the    12,357,265 on 27 May 2003:
           notifications contained in this notice
                                                  -           12,824,098 Sherry FitzGerald Shares, representing
                                                  96.36% of the relevant share capital of Sherry FitzGerald
                                                  Group Public Limited Company,

                                                  B: Subject to the number of shares being 12,422,783 (i.e.
                                                  validly accepted shares plus acceptances not completely
                                                  valid) on 27 May 2003:

                                                  -           12,824,098 Shares, representing 96.87% of the
                                                  relevant share capital of Sherry FitzGerald Group Public
                                                  Limited Company.



10         Total interest held by the other       Mark Fitzgerald            543,068
           persons referred to in Row 11 after
           the acquisitions giving rise to the    Philip Sherry              536,248
           notifications contained in this notice
                                                  Ross McParland             264,214

                                                  Michael Grehan             224,928

                                                  Simon Ensor                550,463

                                                  Clair Cullinan             457,788

                                                  Ian McCarthy                45,085


11         Other persons, referred to above, to   Mark Fitzgerald, Mari Hurley, Philip Sherry, Ross McParland,
           the extent that they are or may be     Michael Grehan, Simon Ensor, Marian Finnegan, Clair Cullinan,
           parties to an agreement to which       Ian McCarthy, Pat Ridge, Walter Coakley, as present and
           Section 73 of the Companies Act 1990   proposed shareholders of Renlin.
           applies.





In addition, the Receiving Agent to the Offer has received Forms of Acceptance
and share documentation which has been unacceptable, and which have been
returned to the senders for signing or other rectification.  The interest, if
any, which may subsist in the Sherry FitzGerald Shares the subject matter of
such Forms and documentation to the extent it might have subsisted.

IMPORTANT NOTE: The notification of an interest in shares herein, by reason of
the receipt of an acceptance does not constitute a representation that such
acceptance is complete in all respects, as is provided by the Irish Takeover
Panel Act 1997, Takeover Rules 1997.



Signed:
           Date:   27 May 2003

Mason Hayes & Curran, 6 Fitzwilliam Square, Dublin 2
            Duly authorised agents of the persons making this notification.





List of Acceptors of Renlin Limited offer for Sherry FitzGerald Group Plc


On 1 May 2003, the date of the acquisition, an interest was held in 1,828,682
Sherry FitzGerald shares, representing 14.3% of the relevant share capital of
Sherry FitzGerald Group Public Limited Company, by reason of the disposal to
Renlin by the following persons of the shares opposite their names:


Mark Fitzgerald        1,040,569

Mari Hurley               14,284

Philip Sherry            171,233

Ross McParland           131,718

Michael Grehan           131,718

Simon Ensor              131,718

Marian Finnegan           49,380

Clair Cullinan            79,031

Ian McCarthy              79,031


In return for the allotment by Renlin of new shares in itself to those persons.



This announcement has been issued through the Companies Announcement Service of
                            The Irish Stock Exchange


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