RNS Number:9174P
Conister Trust PLC
09 August 2005


                               CONISTER TRUST PLC

                      TERMINATION OF TAKEOVER DISCUSSIONS
          CONTINUATION OF DISCUSSIONS REGARDING INVESTMENT TRANSACTION


On 8 July 2005, the Board of Conister Trust Plc ("the Company"), the Isle of Man
licensed bank, announced that the Company had received approaches from a number
of parties regarding a range of options including interest in making a
significant investment in the Company, the acquisition of a majority stake in
the Company and a potential offer for the whole Company.

Following discussions with the Financial Supervision Commission ("FSC"), the
Board and the interested parties have concluded that neither a full takeover
offer for the Company nor the acquisition of a shareholding of 30% or more will
be pursued. However, the Board have had continued discussions with two parties
to take significant stakes in the Company, subject to FSC approval, which would
support the further development of new businesses for the Company.



                                                                   9 August 2005

Enquiries:


Conister Trust
Peter Hammonds (Executive Chairman)                  01624 694688
Gareth Jones (Executive Director)                    01624 694664

KBC Peel Hunt                                        020 7418 8900
Adam Hart

Pelham Public Relations
James Henderson                                      020 7743 6673
Charles Vivian                                       020 7743 6672




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