Carisbrooke Shipping - Compulsory Acqn. of Shares

RNS No 0285u
CARISBROOKE SHIPPING PLC
13 August 1999

                           CARISBROOKE SHIPPING PLC                           

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan

                                  Cash Offer                                  
              by Arthur Andersen Corporate Finance on behalf of               
              Antilope Investments plc ("Antilope Investments")               
                                     for                                      
                   Carisbrooke Shipping plc ("Carisbrooke")                   
           Compulsory acquisition of outstanding Carisbrooke Shares           

The board of Antilope Investments announced on 21 July 1999 that the cash
offer made by Arthur Andersen Corporate Finance, on behalf of Antilope
Investments, for the entire issued share capital of Carisbrooke ("the Offer")
had been declared unconditional in all respects.  As at 3.00 p.m. on 12 August
1999, valid acceptances under the Offer have been received in respect of
7,027,238 Carisbrooke Shares, representing approximately 92.44 per cent. of
the issued share capital of Carisbrooke to which the Offer relates.  Taking
into account both those Carisbrooke Shares which Antilope Investments had
contracted to acquire prior to the announcement of the Offer and those
Carisbrooke Shares for which valid acceptances have been received under the
Offer, Antilope Investments has now acquired or received valid acceptances for
a total of 9,563,238 Carisbrooke Shares representing approximately 94.33 per
cent. of the total issued share capital of Carisbrooke.

Therefore, Antilope Investments now holds in excess of nine-tenths in value of
the issued share capital of Carisbrooke to which the Offer relates and has
today despatched notices to those Carisbrooke Shareholders who have not yet
accepted the Offer informing them that it will compulsorily acquire their
Carisbrooke Shares under the provisions of sections 428 to 430F of the
Companies Act 1985.  

The Offer and the Loan Note Alternative will remain open for acceptance until
further notice.

As disclosed in the Offer document dated 23 June 1999 ("the Offer Document"),
as soon as it is appropriate and possible to do so Antilope Investments
intends to procure the making of an application by Carisbrooke to the London
Stock Exchange for the cancellation of trading of Carisbrooke Shares on the
Alternative Investment Market of the London Stock Exchange.

Words defined in the Offer Document shall have the same meanings in this
announcement unless the context otherwise requires.


Press enquiries:
Antilope Investments plc                01983 284100
Willem Wester
Ron Robson

Arthur Andersen Corporate Finance       0121 233 2101
Nick Maslen

The directors of Antilope Investments accept responsibility for the
information contained in this announcement.  To the best of the knowledge and
belief of the directors of Antilope Investments (who have taken all reasonable
care to ensure that such is the case), the information contained in this
announcement is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Arthur Andersen Corporate Finance, a division of Arthur Andersen, which is
authorised by the Institute of Chartered Accountants in England and Wales to
carry on investment business in England and Wales, is acting for Antilope
Investments and for no one else in connection with the Offer and will not be
responsible to anyone other than Antilope Investments for providing the
protections afforded to customers of Arthur Andersen Corporate Finance or for
providing advice in relation to the Offer.

This announcement, which is the sole responsibility of Antilope Investments,
has been approved by Arthur Andersen Corporate Finance solely for the purpose
of section 57 of the Financial Services Act 1986.


END

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