Craig & Rose PLC - Letter to Stkhldrs Re Offers

RNS No 9356p
CRAIG & ROSE PLC
23 July 1999


CRAIG & ROSE PLC

The  following  is  text  from a letter,  posted  today,  to
Ordinary  and  Preference Stockholders by  the  Chairman  of
Craig & Rose, Mr. J. Wightman:


"Dear Stockholder,

You  may  by  now  have received a letter  from  Mr.  Andrew
Perloff  regarding a possible offer by him for  all  of  the
Ordinary Stock of Craig & Rose that he does not already  own
and for all of the Preference Stock.

This is to inform you that your Board is presently examining
the proposed offer terms. Pending the outcome of the Board's
deliberations and planned discussions with Mr. Perloff,  you
are  advised to take no further action meantime with  regard
to  the Offers from Mr. Alaster Cunningham announced  on  14
July 1999 and despatched to shareholders on that date.

Yours faithfully,



John W. Wightman
Chairman



The  directors  accept responsibility  for  the  information
contained  in  this letter.  To the best of their  knowledge
and belief (having taken reasonable care to ensure that such
is   the  case)  such  information  for  which  they  accept
responsibility  in  this letter is in  accordance  with  the
facts and does not omit anything likely to affect the import
of such information.

Bell  Lawrie  Wise  Speke  (a  division  of  Brewin  Dolphin
Securities Limited), of 7 Drumsheugh Gardens, Edinburgh  has
approved  this letter as an investment advertisement  solely
for the purposes of section 57 of the Financial Services Act
1986.   Brewin Dolphin Securities Limited is a member of the
London  Stock  Exchange and regulated by The Securities  and
Futures Authority Limited. "


END

MSCALLLRDVIVFAA