RNS Number:6474O
Orbis PLC
13 August 2003




Date:             13 August 2003

Contact:          John Leach, Chairman
                  Michael Holmes, Chief Executive
                  Orbis PLC                                                01895 465 500

                  Martin Gudgeon/Gareth Davies
                  Close Brothers Corporate Finance Limited                 020 7655 3100

                  David Bick/Chris Steele
                  Holborn Public Relations                                 020 7929 5599



Orbis plc



Issue of 1 Ordinary Share in conjunction with the proposed share reorganisation





On 28 July 2003, the Company announced a proposed reduction in its existing
senior facilities, a proposed issue of convertible preference shares and a
proposed share re-organisation, details of which were contained in a circular to
shareholders of the same date. As part of these arrangements, the Company
proposes to repurchase approximately 160,083,585,100 Deferred Shares which will
arise as a result of the deferral of existing ordinary shares and the deferral
of fractional entitlements to consolidated ordinary shares as part of the share
reorganisation.  The exact number of Deferred Shares to be repurchased will be
determined on the Record Date for the share reorganisation, being 5.30 p.m. on
19 August 2003. The consideration for the purchase of these Deferred Shares will
be, in aggregate, the sum of #1.



Pursuant to the provisions of the Companies Act 1985, a company may purchase its
own shares by using the proceeds of a fresh issue of shares.  As a result, the
Company has issued 1 Ordinary Share of 10p in the capital of the Company to the
Company Secretary of the Company, who has subscribed in cash for that Ordinary
Share for the aggregate sum of #1.00, representing a premium of 90p per Ordinary
Share issued.  The proceeds of this issue will be used to pay the consideration
for the repurchase of the Deferred Shares.  The Company has applied to the UK
Listing Authority for the Ordinary Share being issued to be admitted to the
Official Listing of the London Stock Exchange.  It is anticipated that this will
become effective on Friday 15 August 2003.



The repurchase of the Deferred Shares is conditional upon the passing of
resolutions 1 and 2 set out in a Notice of Extraordinary General Meeting
included in the circular sent to Shareholders on 28 July 2003.



                                    - Ends -


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

CARUOVVROKRWAAR