Further re Placing

RNS Number:8973S
Azure Holdings PLC
04 December 2003


                                                           For immediate release
                                                              4th December, 2003


Azure Holdings plc (Formerly Room Service Group plc) ("Azure" or "the Company")

              Release of certain placees from dealing restrictions


On 12th November 2003, the investors in the Chiddingfold consortium, who have
subscribed, in aggregate, for 19.5 million new ordinary shares in Azure, all
gave an undertaking to Azure, Chiddingfold and its solicitors, not (inter alia)
to deal in any shares in Azure until Chiddingfold's mandatory offer had lapsed,
in order to ensure compliance with Rule 4.2 of the Takeover Code. This was
because it was assumed that all the parties investing alongside Chiddingfold
would be treated as acting in concert with it. After this had been done, it was
established that certain investors (who had subscribed for 4.5 million new
ordinary shares) were not acting in concert with Chiddingfold, or party to any
other concert party arrangements. The provisions of Rule 4.2 do not, therefore,
apply to them and any restrictions on dealing are only governed by the
undertakings.


In the light of the well publicised difficulties in settling transactions in
Azure shares, Azure, Chiddingfold and its solicitors have agreed to release the
non concert party investors (as set out in Appendix 3B of Chiddingfold's
announcement under Rule 2.5 of the City Code and who hold in aggregate 4.5
million shares) from their undertakings not to deal in Azure shares. This will
permit them to sell shares if they wish, which could alleviate the settlement
difficulties in the market.




Enquiries:

Azure Holdings plc
Nicolas Greenstone (Chairman)                                    020 7723 8833

John East & Partners Limited
John East/David Worlidge/Simon Clements                          020 7628 2200



4th December, 2003


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

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