RNS Number:1947R
Aspinalls Online PLC
22 October 2003



OFFER UPDATE



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



22 October 2003



                                 Cash Offer by

                                Damian Aspinall

                                      for

              Aspinalls Online plc ("Aspinalls" or "the Company")


                                 Offer Deadline




On 10 September 2003 Damian Aspinall made a cash offer for the entire issued and
to be issued share capital of Aspinalls Online Plc (other than those Aspinalls
Shares which he already owned or had contracted to acquire), offering 0.17p in
cash for each Aspinalls Share.

Immediately prior to the commencement of the Offer Period, Damian Aspinall held
30,000 Aspinalls Shares, representing 0.01 per cent of the existing issued share
capital of Aspinalls, Warrants to acquire a further 3,005,000 Aspinalls Shares
and Options to acquire a further 4,000,000 Aspinalls Shares.  Parties deemed to
be acting in concert with Damian Aspinall held 227,486,338 Aspinalls Shares,
representing 77.86 per cent of the existing issued share capital of Aspinalls
and Warrants to acquire a further 1,583,333 Aspinalls Shares.

On 1 October 2003, the first closing date of the Offer, it was announced that
Damian Aspinall had received valid acceptances of the Offer in respect of
215,230,842 Aspinalls Shares (representing approximately 73.66% of the entire
issued share capital of Aspinalls). As at the close of business on 21 October
2003 (being the latest practicable date before this announcement) Damian
Aspinall had received valid acceptances of the Offer in respect of 218,945,199
Aspinalls Shares (representing approximately 74.93% of the entire issued share
capital of Aspinalls).

On 1 October 2003 it was announced that all of the conditions of the Offer had
been satisfied or waived and, accordingly, the Offer was declared unconditional
in respects. It was also announced on 1 October 2003 that Damian Aspinall would
procure that Aspinalls apply to the London Stock Exchange for the cancellation
of trading of Aspinalls Shares and Warrants on AIM as from Wednesday 29 October
2003.



Aspinalls confirms that an application for the cancellation of trading of
Aspinalls Shares and Warrants on AIM has been made and that trading of Aspinalls
Shares and Warrants on AIM will terminate at close of business on Wednesday 29
October 2003.

You should note that this will mean that after 29 October 2003 there will be no
regulated market on which Aspinalls Shares and/or Warrants can be traded.



Damian Aspinall announces today that the date for accepting the Offer has been
extended to 3.00 pm on 14 November 2003. If you wish to accept the Offer you
should follow the procedure for acceptance of the Offer set out in paragraph 9
of Damian Aspinalls letter to Aspinalls Shareholders in the Offer Document sent
to Aspinalls Shareholders dated 10 September 2003 (the "Offer Document"). That
paragraph can be found on pages 13 to 15 of the Offer Document. If you have lost
or mislaid your Form Acceptance, please contact Capita Registrars on 0870 162
3100 (UK only) or +44 20 8639 2157 (international calls).



As was indicated in the Offer Document, Damian Aspinall intends to re-register
Aspinalls as a private company, and consequently an extraordinary general
meeting of Aspinalls ("the EGM") will be held at the offices of Stringer Saul,
Fifth Floor, 17 Hanover Square, London W1S 1HU at 10.00 am on 14 November 2003
when the resolutions necessary to re-register Aspinalls as a private company
will be proposed.

This announcement does not constitute an offer or invitation to purchase any
securities or a solicitation of an offer to buy any securities, pursuant to the
Offer or otherwise. The full terms and conditions of the Offer (including
details of how the Offer may be accepted) are set out in the Offer Document and
the Form of Acceptance accompanying the Offer Document.



The expressions used in this announcement shall, unless the context otherwise
requires, bear the same meaning as set out in the Offer Document.



Damian Aspinall accepts responsibility for the information contained in this
announcement. To the best knowledge and belief of Damian Aspinall (having taken
all reasonable care to ensure that such is the case), the information contained
in this announcement is in accordance with the facts and does not omit anything
likely to affect the import of that information.



Enquiries:

Aspinalls Online plc
Daniel Taylor  020 7529 2504


Daniel Stewart & Company PLC (Financial adviser to Aspinalls Online plc)

Dan Willmott  020 7374 6789

Alastair Cade



Appendix:


Copies of a letter from Damian Aspinall sent to Aspinalls Shareholders today is
available, free of charge, for a period of one month, from the offices of
Corporate Synergy PLC, 12 Nicholas Lane, London EC4N 7BN


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