RNS Number:3164M
City & General Securities Limited
13 June 2003

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES



                                                                   June 13, 2003


                  RECOMMENDED CASH OFFER FOR COMPCO HOLDINGS PLC

         POSTING OF OFFER DOCUMENT BY CITY & GENERAL SECURITIES LIMITED




The board of City & General Securities is pleased to announce that the Offer
Document in respect of the recommended cash offer for Compco by Merrill Lynch on
behalf of City & General Securities, which was announced on June 12, 2003, is
being posted to Compco Shareholders today.



The first closing date of the Offer is Friday, July 4, 2003.



Terms defined in the Offer Document have the same meanings in this announcement.



Enquiries:


TULCHAN                                               Telephone: 020 7353 4200
Andrew Grant
David Trenchard

Merrill Lynch                                         Telephone: 020 7628 1000
Bob Wigley
Simon Fraser



The Offer is not being made, directly or indirectly, in or into Australia,
Canada, Japan or the United States.  Accordingly, copies of this announcement
are not being, and must not be, mailed or otherwise distributed or sent in, into
or from Australia, Canada, Japan or the United States.  The availability of the
Offer to Compco Shareholders who are not resident in the United Kingdom may be
affected by the laws of relevant jurisdictions.  Compco Shareholders who are not
resident in the United Kingdom should inform themselves about and observe any
applicable requirements.



Merrill Lynch is acting exclusively for City & General Securities and no-one
else in connection with the Offer and will not be responsible to anyone other
than City & General Securities for providing the protections afforded to clients
of Merrill Lynch or for providing advice in relation to the Offer.




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