RNS Number:4758M
Star Capital Partners Limited
18 June 2003


18 June 2003

For immediate release


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



Statement re awg plc ("awg")


Star Capital Partners Limited ("Star"), Caxton-Iseman Capital, Inc. ("
Caxton-Iseman"), Bream Investments Limited ("Bream"), and Messrs. Francis Gugen,
Gordon Morrison, Neil McDougall and Paul Rathbone ("Management") have concluded
that, given the time available against the deadline set by the Panel on
Takeovers and Mergers in its statement dated 3 June 2003, it is not possible to
formulate a definitive proposal with regard to an offer for awg on terms
acceptable to the company.



Therefore, in accordance with Rule 2.8 of the City Code on Takeovers and
Mergers, Star, Caxton-Iseman, Bream and Management will not make or participate
in an offer for awg during the next six months, except that they reserve the
right to do so within that period in the event that: (i) such an offer is
recommended by the Board of awg; or (ii) a third party announces its intention
to make an offer for awg.







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