Result of Tender Offer

RNS Number:9044H
Shore Capital Group PLC
25 February 2003

                            Shore Capital Group Plc
                                (the "Company")

                            Results of Tender Offer


The Tender Offer by the Company to repurchase up to 140,000,000 Shares at 9p per
share closed at 3.00pm on 24 February 2003. Completed Tender Forms were received
from Shareholders for, in aggregate, 75,426,090 Shares, representing 19.5 per
cent. of the Company's issued share capital. All valid tenders will be accepted
in full.

Subject to the requisite Resolutions being passed at the Company's EGM (which
has been convened for 10.00 a.m. on 3 March 2003) and confirmation by the Court
of the Company's proposed Reduction of Capital, Shares validly tendered will be
repurchased by the Company at a maximum aggregate cost of #6,788,348 and these
Shares will be cancelled.

New share certificates are expected to be despatched to Shareholders who
tendered in certificated form in respect of the balance of their shareholding
(if any) by 7 March 2003. The Company also expects to credit CREST accounts with
any unsold, uncertificated Shares by 7 March 2003.

Payment in respect of the Shares successfully tendered is expected to be made on
or about 28 April 2003, assuming the requisite Resolutions are passed at the
Company's EGM and the Court confirms the Reduction of Capital.

                                                                25 February 2003

Press enquiries:

Howard Shore
Shore Capital                                       020 7468 7911

Tim Jackaman
Weber Shandwick Square Mile                         020 7067 0700



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