Loan Stock/Directors hldg-Amd

RNS Number:2013O
Theo Fennell PLC
31 July 2003



                                  Theo Fennell

                       ("Theo Fennell" or "the Company")

                    Issue of secured convertible loan stock

This announcement replaces the announcement released at 13:03 on 31 July 2003
with the RNS number 1943O. The original annoucement stated that a block listing
application for the admission to trading of up to 33,333,334 new Ordinary Shares
had been made whereas the application was for 3,333,334 new Ordinary Shares. The
following is the full text of the amended announcement.

Further to the announcement of 26 June 2003, the Company is pleased to announce
that it has placed secured convertible loan stock with a value of #1 million
("the Loan Stock") with a number of investors, including Directors of Theo
Fennell.

The Loan Stock will be issued by the Company in due course and details of the
Directors' holdings of Loan Stock are as follows:-

             Name                         Value of Loan Stock

                                                                     #

F R Nothcott                                                   300,000

A T Fennell                                                    200,000

B A Snoad                                                      100,000

C E P Carter                                                   100,000

Viscount Cowdray                                               200,000

Note:

Each holder of the Loan Stock may convert all or such amount of his Loan Stock
as he may specify into shares credited as fully paid at the rate of one ordinary
share of 5 pence each in the Company ("Ordinary Shares") for each 30 pence
nominal of Loan Stock at any time.

To facilitate the conversion of the Loan Stock , the Company has submitted to
AIM a block listing application for the admission to trading of up to 3,333,334
new Ordinary Shares. These shares will rank pari passu with the existing
Ordinary Shares and admission is expected to be granted on 1 August 2003.

Richard Northcott, the Chairman of the Company, will today be issued with 25,000
options to subscribe for ordinary shares in the Company at 30p per share
exerciseable from todays date until 31 July 2013.

Richard Northcott now holds a total of 365,000 options to subscribe for ordinary
shares in the Company.

Enquiries:

Richard Northcott, Chairman, Theo Fennell PLC            020 7591 5000

Gavin Saunders, Finance Director, Theo Fennell PLC       020 7591 5000

Richard Fallowfield, CardewChancery                      020 7930 0777

Rupert Pittman, CardewChancery                           020 7930 0777

Mark Percy, Seymour Pierce Limited                       020 7107 8000

Ewan Leggat, Seymour Pierce Limited                      020 7107 8000




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

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