RNS Number:1156M
Sports Resource Group PLC
10 June 2003


Not for release, publication or distribution in or into the United States of
America, Canada, Australia or Japan.


Immediate Release                                                 10 June 2003


                              Recommended Offer by
 Corporate Synergy PLC ("Corporate Synergy") on behalf of Hegira plc ("Hegira")
                                      for
                 Sports Resource Group plc ("Sports Resource")

                      Offer declared wholly unconditional


The board of Hegira announces that as at 3:00 p.m. on Monday, 9 June 2003, the
first closing date of the Offer, Hegira had received valid acceptances of the
Offer in respect of 63,269,875 Sports Resource Shares representing approximately
95.95 per cent. of the entire issued share capital of Sports Resource.


Immediately prior to the commencement of the Offer Period, parties acting in
concert with Hegira held 9,958,500 Sports Resource Shares, representing 15.1% of
the existing issued share capital of Sports Resource and options to acquire a
further 170,764 Sports Resource Shares. Valid acceptances have been received in
respect of these 9,958,500 Sports Resource Shares and are included in the
acceptance levels referred to above. No Sports Resource Shares were acquired or
agreed to be acquired by or on behalf of Hegira during the offer period outside
the Offer.


The board of Hegira is pleased to announce that all of the conditions of the
Offer have now been satisfied or waived and, accordingly, the Offer has been
declared unconditional in all respects. The board of Hegira confirms it will
implement the procedures set out in sections 428 to 430F of the Companies Act to
acquire compulsorily, for 10p in cash per Sports Resource Share or #1 nominal
value loan note per 10 Sports Resource Shares, at the discretion of the
non-assenting shareholder, the outstanding Sports Resource Shares to which the
Offer relates.


Hegira will also procure that Sports Resource will apply to the London Stock
Exchange for the cancellation of trading of Sports Resource Shares on AIM and
will also seek to procure that Sports Resource is re-registered as a private
company under the relevant provisions of the Companies Act.


The Offer will remain open for acceptances until further notice. Forms of
Acceptance not yet returned should be completed and returned in accordance with
the instructions in the Offer document sent to Sports Resource Shareholders
dated 19th May 2003 (the "Offer Document") and on the Forms of Acceptance so as
to be received as soon as possible.


Settlement in respect of valid acceptances received not later than the close of
business on 9 June 2003 will be despatched on or before 23 June 2003, and within
14 days of the date of receipt in respect of further acceptances which are
complete and valid in all respects. Sports Resource Shareholders who wish to
accept the Offer and have not yet done so should despatch their Forms of
Acceptance as soon as possible.


This announcement does not constitute an offer or invitation to purchase any
securities or a solicitation of an offer to buy any securities, pursuant to the
Offer or otherwise. The full terms and conditions of the Offer (including
details of how the Offer may be accepted) are set out in the Offer Document and
the Form of Acceptance accompanying the Offer Document.


The expressions used in this announcement shall, unless the context otherwise
requires, bear the same meaning as set out in the Offer Document.


The directors of Hegira accept responsibility for the information contained in
this announcement. To the best knowledge and belief of the directors of Hegira
(having taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of that information.



Enquiries:


Hegira plc                                               020 7643 5356
Chris Akers

Corporate Synergy PLC (Financial adviser to Hegira)      020 7626 2244
Lindsay Mair

Sports Resource Group plc                                020 7643 5398
Michael Giffin

Panmure (Financial adviser to Sports Resource)           020 7020 5121
Richard Potts

Buchanan Communications                                  020 7466 5000
Charles Ryland / Catherine Miles



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

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