DSL Deep-Sea Leis.

RNS Number:5943Y
Deep-Sea Leisure PLC
12 July 2002


12 July 2002


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


Deep-Sea Leisure PLC

Response to the mandatory cash offer by Net-Ein SA for Deep-Sea Leisure PLC

The Independent Directors of Deep-Sea Leisure PLC ("Deep-Sea Leisure") announce
that they will today post to shareholders a letter (the "Document") in response
to the mandatory cash offer of 28 June 2002 (the "Offer") made by Hawkpoint
Partners Limited on behalf of Net-Ein SA ("Net-Ein").

The Independent Directors, who have been so advised by KPMG Corporate Finance,
consider the Offer significantly undervalues the Company but that, as described
in the Document, there are significant risks to a shareholder who decides to
decline the Offer if, in consequence, that shareholder is left with a holding of
shares in a subsidiary company of Net-Ein, the market quotation of which may be
withdrawn.  In providing advice to the Independent Directors, KPMG Corporate
Finance has taken into account the Independent Directors' commercial
assessments.



The Independent Directors believe that it would not be in the interests of
shareholders to remain as a minority in Deep-Sea Leisure in light of the risks
set out in the Document.  Accordingly, the Independent Directors recommend
shareholders who have not already accepted the Offer to do so now.  The
Independent Directors intend to accept the Offer only in respect of their own
beneficial holdings.



Net-Ein has announced that the Offer will remain open until 3.00 pm on 2 August
2002, at which time the Offer will close.  Accordingly, shareholders are advised
to return their acceptance forms without delay.



For further information please contact;



Alastair Ritchie, Chairman                          0131 220 3900

Michael Denny, Deputy Chairman                      0131 260 1000

Deep-Sea Leisure PLC



David McCorquodale, Partner                         0131 222 2000

Richard Barlow, Director                            020 7311 1000

KPMG Corporate Finance



KPMG Corporate Finance, a division of KPMG LLP which is authorised by the
Financial Services Authority for investment business activities, is acting for
the Company as financial adviser in relation to the Offer and is not acting for
any other person in relation to such Offer.  KPMG Corporate Finance will not be
responsible to anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the Offer or any
other matter referred to herein.



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