Response to Brit Offer

RNS Number:8059J
PRI Group PLC
09 April 2003

For Immediate Release


                                 PRI Group plc

                                    ("PRI")

           Response to offer by Brit Insurance Holdings plc ("Brit")

                     Shareholders advised to take no action

The Board of PRI ("the Board") notes the announcement by Brit this morning.


On 2 April 2003 the Board announced that it had instructed its advisers to
pursue discussions with Brit as well as with other potentially interested
parties.  The objective of the Board is to identify the most suitable
combination which maximises value for PRI shareholders.



Discussions with other potentially interested parties are continuing with a view
to establishing whether a higher competing offer for PRI will be forthcoming.



The Board wish to ensure that all approaches received are given full
consideration.  Against that background, PRI shareholders are therefore strongly
advised to take no action in respect of the offer by Brit at this stage.



A further announcement will be made in due course.





                                    - 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


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

RSPDKLBBXZBFBBX