Result of Tender Offer

RNS Number:8286K
Thompson Clive Investments PLC
07 May 2003

Thompson Clive Investments plc


RESULT OF TENDER OFFER


The Tender Offer made by Cazenove & Co. Ltd, on behalf of Thompson Clive
Investments plc (the "Company"), to the Company's shareholders pursuant to which
the Company's shareholders were entitled to tender their Entitlement (or such
lesser number as they specified) at the Tender Price has now been approved at an
Extraordinary General Meeting of the Company held yesterday. The Net Asset Value
(after expenses) at the close of business on 6 May 2003 was #4.032 per Share.
The Tender Offer Price is therefore #4.0222 per Share.


The result of the Tender Offer was as follows:


Total Number of Shares in issue: 11,049,215


Total number of Shares to be bought back under the tender: 1,173,692


Accordingly, tenders of shares up to the Entitlement, being 11.2 per cent. of
the issued share capital of the Company, and those for less than the
Entitlement, will be satisfied in full.


Following settlement of the Tender Offer, which is expected to be made on 12 May
2003, 9,875,523 Shares will remain in issue (89.3 per cent. of the current
issued share capital of the Company).


Enquiries:

Colin Clive/Richard Thompson: Thompson Clive & Partners (Tel: [phone])

Angus Gordon Lennox: Cazenove & Co. Ltd (Tel: [phone])

END.


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