RNS Number:2089O
Halladale Group PLC
31 July 2003

               Halladale Group plc ("Halladale" or "the Company")

As announced on 3 February 2003, the Halladale Opportunity Fund Limited
Partnership ("Halladale Opportunity Fund"), a 50/50 joint venture between
Halladale and Kodak Pension Fund ("Kodak"), whereby Kodak agreed to subscribe
for 500,000 new ordinary shares of 25p each in the Company ("New Shares") at a
price of 51p each at the time of the announcement and to subscribe for a further
500,000 New Shares in six months time at a price of 51p each.

Kodak has now subscribed for the further 500,000 New Shares and application has
been made to AIM for these New Shares to be admitted to trading. Admission is
expected on 5 August 2003.

For further information please contact:

David Lockhart, Chief Executive, Halladale Group plc, 0141 204 4633


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