RNS Number:3602S
Superscape Group PLC
21 November 2003


                              Superscape Group plc
                                        
                                        
                        Results of Placing and Open Offer
                                        
                                        
On 29 October 2003, Superscape Group plc (the "Company") announced a Firm
Placing and a Placing and Open Offer ("the Issue") of a total of 34,010,702 new
ordinary shares of 10p each ("New Ordinary Shares") at 29.5 pence each to raise
approximately #10.0 million (before expenses). Qualifying Shareholders were
invited to participate in the Issue by way of the Open Offer and to apply for up
to 6,892,058 of these New Ordinary Shares ("Open Offer Shares") on the basis of
1 Open Offer Share for every 13 Existing Shares held on the Record Date and so
in proportion to any number of Existing Ordinary Shares then held.


Under the Open Offer which closed at 3.00 p.m. on 20 November 2003, valid
applications have been received in respect of 4,116,770 Open Offer Shares,
representing 59.73 per cent. of the Open Offer Shares available under the Open
Offer. The remaining 2,775,288 Open Offer Shares will be subscribed for by
institutional and other investors with whom they were conditionally placed
subject to a right of clawback to satisfy valid applications from Qualifying
Shareholders under the Open Offer. 27,118,644 New Ordinary Shares were also
placed firm with institutional and other investors pursuant to the Firm Placing
and will therefore be subscribed for by those investors.


The Issue remains subject to shareholder approval, the resolutions for which
will be proposed at an Extraordinary General Meeting of the Company to be held
on Monday 24 November 2003 at 11.00 a.m.


Assuming that shareholder approval is obtained it is expected that dealings in
the New Ordinary Shares on the London Stock Exchange will commence by 8.00 a.m.
on 25 November 2003, following their admission to the Official List of the UK
Listing Authority and to trading on the market for listed securities of the
London Stock Exchange, for which applications have been made. CREST stock
accounts are expected to be credited on 25 November 2003 in respect of New
Ordinary shares to be held in uncertificated form and definitive share
certificates in respect of New Ordinary Shares to be held in certificated form
are expected to be posted, where applicable, by 5 December 2003.


Unless the context provides otherwise, words and expressions defined in the
circular to shareholders of the Company dated 30 October 2003 shall have the
same meanings in this announcement.







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