RNS Number:2022P
Resurge PLC
29 August 2003


For Immediate Release                                         29 August 2003



                                  Resurge PLC

                       Re: London Forfaiting Company PLC



The Directors of Resurge PLC have noted the announcement by FIMBank(UK) Limited
on 28 August 2003 that its offer for London Forfaiting Company PLC had been
declared unconditional in all respects.


Resurge has consulted the Panel which has agreed that, as FIMBank will not
accept the Resurge offer, there is no obligation on Resurge to post its offer
document since the offer could not become unconditional as to acceptances.
Accordingly, with the agreement of the Panel, Resurge is not posting its offer
document.



Contact:


Resurge
Jonathan Rowland / Jamie Constable                            Tel: 020 7233 4270

ARM Corporate Finance Limited
Alan Mackenzie / Ian Fenn                                     Tel: 020 7512 0191

Richard Darby
Buchanan Communications                                       Tel: 020 7466 5000




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