Offer Document Posted

RNS Number:6079K
BRIT Insurance Holdings PLC
01 May 2003



This announcement is not for release, publication or distribution in or into or
from the United States, Canada, Australia or Japan.



                Recommended Offer by Brit Insurance Holdings PLC

                               For PRI Group plc



In connection with the announcement made on Wednesday, 9 April 2003 of an offer
by Brit Insurance Holdings PLC ("Brit") for all of the issued and to be issued
ordinary share capital of PRI Group plc ("PRI") not already owned by Brit, the
board of Brit announces that the Offer Document, Listing Particulars and Form of
Acceptance relating to the Offer are today being posted.



The Offer, which is recommended by the PRI Board, will initially be open for
acceptance until 3.00 p.m. (London time) on 22 May 2003.  The Listing
Particulars contain a notice convening an Extraordinary General Meeting of Brit
for 12.00 noon on 19 May 2003 at which Brit Shareholder approval for the Offer
will be sought.



Terms defined in the Offer Document and in the Listing Particulars dated 1 May
2003 have the same respective meanings in this announcement.



Enquiries:



Neil Eckert, Chief Executive, Brit Insurance Holdings PLC, tel. [phone]

Peter Rigby, Haggie Financial, tel. [phone]

Simon Charles/Simon Law, Numis Securities Limited, tel. [phone]



A copy of the Listing Particulars has been submitted to the UK Listing Authority
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:



Financial Services Authority

25 North Colonnade

Canary Wharf

London E14 5HS

Tel. [phone]



Numis Securities Limited has approved the contents of this announcement solely
for the purposes of section 21 of the Financial Services and Markets Act 2000.
This announcement does not constitute an offer or an invitation to acquire any
securities.  Any such offer will only be made pursuant to the Offer Document and
Form of Acceptance.



The Offer is not being made, directly or indirectly, in or into or from the
United States, Canada, Australia or Japan or by use of the mails of, or by means
or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce of, or any facilities of a
national securities exchange of, any of these jurisdictions and the Offer is not
capable of acceptance by any such use, means or instrumentality or facilities or
from or within the United States, Canada, Australia or Japan.



The full terms and conditions of the Offer (including details of how the Offer
may be accepted) are set out in the Offer Document and the Form of Acceptance
accompanying the Offer Document.  PRI Shareholders who accept the Offer may only
rely on the Offer Document and the Form of Acceptance setting out the full terms
and conditions of the Offer and the related Listing Particulars.  In deciding
whether or not to accept the Offer in respect of their PRI Shares, PRI
Shareholders should rely only on the information contained, and procedures
described, in the Offer Document and Form of Acceptance and the information
contained in the Listing Particulars.



Numis Securities Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Brit and no one else in
connection with the Offer and will not be responsible to any person other than
Brit for providing the protections afforded to its customers or for providing
advice in relating to the Offer or any transaction or arrangement referred to
therein.





Ends





1 May 2003


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