2nd update for shareholders

RNS Number:1901K
PRI Group PLC
17 April 2003

FOR IMMEDIATE RELEASE


                                 PRI GROUP PLC

                                    ("PRI")

Not for release, publication or distribution in or into or from the United
States, Canada, Australia or Japan.


Update for shareholders and intention to recommend


Further to the announcement earlier today, the Board of PRI ("the Board") has
now met to consider the offer from Brit Insurance Holdings PLC ("Brit").  In
light of the significant support from PRI shareholders for the offer from Brit
and in the absence of any higher competing offer having been forthcoming, the
Board is intending to recommend Brit's offer.



The Board will write to shareholders shortly.





                                    - ends -





For further information, please contact:





PRI Group plc                James Nelson        020 7090 1200


Lexicon Partners             Angus Winther       020 7743 6330


Weber Shandwick Square Mile  Susan Ellis         020 7067 0700


The directors of PRI Group plc accept responsibility for the information
contained in this announcement.  To the best of the knowledge and belief of such
directors (having taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.



Lexicon Partners Limited ("Lexicon"), which is regulated in the United Kingdom
by the Financial Services Authority, is acting as financial adviser to PRI Group
plc and no other party in connection with the offer.  Lexicon will not regard
any persons other than PRI Group plc as its client in relation to the offer and,
accordingly, Lexicon will not be responsible to anyone other than PRI Group plc
for providing protections afforded to clients of Lexicon or for providing advice
in relation to the offer.


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