re portfolio company

RNS Number:7667Q
Thompson Clive Investments PLC
10 October 2003

Thompson Clive Investments plc

The Board of Thompson Clive Investments plc ("TCI") has been made aware of
additional information in connection with Genitope Corporation's public offering
to sell 4.6 million common shares at $9- $13 each, in that the offer is likely
to occur after a 1 for 3 reverse stock split.  The result of this to TCI would
be that for every 3 shares owned pre-split, TCI would own 1 share post-split,
giving an effective value of the existing shares of $3- $4.33 each. Genitope
Corporation's public offering has not yet happened, is not certain and is
subject to a 180 day lock up period.  As stated in the circular to shareholders
dated 26 September 2003, TCI is maintaining its valuation of $1.50 per share
(pre-split).

For the purposes of the tender offer announced on 26 September 2003, the shares
will be valued at $1.50 and therefore there is no effect on the pricing of the
tender offer.


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