Response to Share Price Move

RNS Number:1563H
Eidos PLC
07 January 2005


> 7 January 2005
> Eidos plc
> Response to Share Price Movement

For Immediate Release


The Board of Eidos has noted the recent rise in the Company's share price.
Although, as described below, discussions with potential offerors are
continuing, the Board is not aware of any particular reason to justify this
movement.

Since the last statement at the AGM, the Board has continued to conduct
discussions, including detailed due diligence, with potential acquirors of the
Company with a view to securing an offer. On the basis of these recent
discussions, the likelihood and extent of any premium achievable to the market
price prevailing before the recent speculative movements is unclear.
Nevertheless, the Board remains committed to a sale of the Company in the best
interests of its shareholders and will continue to pursue the discussions still
under way with a view to securing an offer as soon as possible. However, there
can be no assurance that these discussions will result in an offer being made
nor as to the level of any such offer.

As previously reported the Company has a significant release line-up scheduled
for the second half of FY05 and is reliant on the performance of those releases
to reverse its expected substantial losses in the first half. The timing of the
release schedule will lead to a working capital requirement in the second half
which is expected to reverse rapidly as cash from game sales is received in due
course. The Board will respond to this temporary requirement through the use of
normal working capital resources and techniques.

Enquiries:

Jonathan Glass or Wendel Verbeek              (UK) [phone]
Nina Devlin (US)                              ([phone]

Eidos plc is listed on the London Stock Exchange (ticker: EID.L) and on the
Nasdaq National Market (symbol: EIDSY). Further information on the Company can
be found at www.eidos.com

Eidos and the Eidos logo are trademarks of Eidos plc. All other names and/or
brands and/or product names referred to in this release are registered
trademarks or trademarks pending registration belonging to Group companies. All
rights reserved.

Statements made in this release with respect to the Group's plans, strategies
and beliefs and other statements that are not historical facts are
forward-looking statements (as that term is defined in the United States Private
Securities Legislation Reform Act 1995) that involve risks and uncertainties
because they relate to events and depend on circumstances that may occur in the
future. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by these
forward-looking statements, including without limitation, general economic
conditions in the Group's markets, particularly levels of consumer spending;
exchange rates, particularly between the pound sterling and the U.S. dollar, in
which the Group makes significant sales; and the Group's ability to continue to
win acceptance of its products, which are offered in highly competitive markets
characterised by continuous new product introductions, rapid developments in
technology, subjective and changing consumer

preferences (particularly in the entertainment business) and other risks
described in periodic reports and filings with the Security and Exchange
Commission. The Company undertakes no obligation to update any forward looking
statements contained in this release, whether as a result of new information,
future events or otherwise.



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

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