RNS Number:5836O
Resurge PLC
12 August 2003


                                RESURGE PLC 

                    ANNOUNCEMENT FOR IMMEDIATE RELEASE

                              12 August 2003


Possible offer for London Forfaiting Company PLC

In an article in the Independent newspaper this morning, (12 August 2003) 
Jonathan Rowland, the joint Chief Executive of Resurge PLC, was reported as 
commenting that he believed that the FIMBank (UK) Ltd offer for London 
Forfaiting Company PLC, ("LFC") undervalued LFC and that given a few days 
Resurge would come up with a better offer.

For the purposes of clarification Resurge is still in discussions as to whether 
or not to make an offer for LFC.

Resurge intends to review its position in the light of the results of the first
closing of the existing offer from FIMBank. The results of the first closing of
the FIMBank offer are expected to be announced on Wednesday 13 August 2003.

This announcement, for which Resurge PLC is responsible, has been approved by
ARM Corporate Finance Limited for the purposes of Section 21 of the Financial
Services and Markets Act 2000.


Enquiries:

ARM Corporate Finance Limited

Toby Howell / Ian Fenn:                     020 7512 0191

Resurge PLC

Jonathan Rowland / Jamie Constable          020 7233 4270



                      This information is provided by RNS
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