Offer Wholly Unconditional

RNS Number:9531E
Britannia Living Limited
11 December 2002



         Britannia Living Limited - Offer for Range Cooker Company PLC



Offer Wholly Unconditional



This announcement is not for release, publication or distribution in or into the
United States, Canada, Australia or Japan



On 8 November 2002 Altium Capital made an offer (the "Offer"), on behalf of
Britannia Living Limited ("Britannia Living"), for the whole of the issued
ordinary share capital of the Range Cooker Company PLC ("Range"). Britannia
Living is pleased to announce that, all of the conditions of the Offer having
been satisfied or waived, the Offer is now declared unconditional in all
respects.



Settlement of the consideration due to Range Shareholders who have validly
accepted the Offer will be effected in accordance with the terms of the Offer.
The Offer will remain open until further notice.



As at 3.00 p.m. on 10 December 2002, valid acceptances of the Offer had been
received in respect of a total of 154,845,023 Range Shares, representing
approximately 97.4 per cent. of the current issued ordinary share capital of
Range. Such figures have been confirmed by Capita IRG plc, who are acting as
receiving agent to the Offer.



As at close of business on 14 February 2002 (being the business day prior to the
commencement of the Offer Period), Britannia Living neither owned nor controlled
any Range Shares.



Included in the total above are acceptances, representing in aggregate
approximately 73.6 per cent. of the issued share capital of Range, received
from:



(i)      John Armstrong, the Chairman And Managing Director of Range, in
accordance with the provisions of the irrevocable undertakings to accept the
Offer given by him in respect of his holding of 108,200,000 Range Shares,
representing approximately 68.1 per cent. of Range's issued share capital; and



(ii)    Nigel Wray in accordance with the provisions of the irrevocable
undertakings to accept the Offer given by him in respect of 8,798,000 Range
Shares, representing approximately 5.5 per cent. of Range's issued share
capital.



As sufficient acceptances have been received under the Offer, Britannia Living
intends to implement the provisions of sections 428 to 430F of the Companies Act
to acquire compulsorily all outstanding Range Shares. A letter, together with a
statutory notice pursuant to section 429, will shortly be posted to Shareholders
who have not yet accepted the Offer.



Britannia Living will procure that Range applies for the cancellation of the
admission to trading of Range Shares on the Alternative Investment Market.  It
is anticipated that such cancellation will take effect twenty business days from
this date.  Following cancellation of admission to trading, Range Shares will no
longer be traded on a recognised investment exchange and accordingly there will
be no market for Range Shares and they may be difficult to sell.  In addition,
Range will be re-registered as a private company in due course.


Range Shareholders are urged to accept the Offer without delay, as this will
enable them to receive the consideration under the Offer sooner than under the
compulsory acquisition procedures referred to above.



The expressions used in this announcement shall, unless the context otherwise
requires, bear the same respective meanings as in the Offer Document posted to
Range Shareholders on 8 November 2002.



For further information, please contact:



Helen Kilsby    Tel: [phone]
Director
Altium Capital Limited


Keith Salisbury Tel: [phone]
Director
Brewin Dolphin Securities Limited


John Armstrong  Tel: [phone]
Chairman
The Range Cooker Company PLC



Altium Capital, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Britannia Living and for no one else in
connection with the Offer and will not be responsible to anyone other than
Britannia Living for providing the protections afforded to customers of Altium
Capital nor for giving advice in relation to the Offer.



Brewin Dolphin, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Range and for no one else in connection with
the Offer and will not be responsible to anyone other than Range for providing
the protections afforded to customers of Brewin Dolphin nor for giving advice in
relation to the Offer.




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