RNS Number:5818I
Haslemere N.V.
11 March 2003

                                                                   11 March 2003


                                 Haslemere N.V.


Haslemere NV announces that it has bought in for cancellation GBP25.5 million of
the GBP200 million 6.25% First Mortgage Debenture Bonds 2024 issued in 1999 by
its Jersey subsidiary, Haslemere Jersey Finance Ltd.

Following cancellation, GBP174.5 million of the Bonds will remain outstanding.


For further information contact:


Haslemere N.V.                                              +44 (0)20 7467 4500
Chris Bartram, Chief Executive
Andrew Kearley, Finance Director
Constantijn van Rietschoten, Investor Relations             +31 (0)10 201 36 21

Gavin Anderson & Company                                    +44 (0)20 7554 1400
Byron Ousey

Website                                                     www.haslemerenv.com


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