HCEG Healthcare Ent.

RNS Number:1234A
Healthcare Enterprise Group PLC
24 June 2004


Healthcare Enterprise Group Plc
Warrant exercise date


Healthcare Enterprise Group PLC ("HCEG" or the "Company") announces that, in
accordance with the terms of the warrants issued by HCEG on 14 November 2003
(the "Warrants"), warrantholders are entitled to exercise all (but not some
only) of their Warrants and to subscribe for ordinary shares of 0.1p each in
HCEG ("Ordinary Shares") on 30 June 2004 or, if later, on the thirtieth day
after the date on which copies of the audited accounts of HCEG for the preceding
financial year are despatched to shareholders (the "Conversion Date").  On the
current timetable for the despatch to shareholders of the Company's audited
accounts for the year ended 29 February 2004, it is envisaged that the
Conversion Date will be on 2 August 2004 (or such later date as the Company
shall announce if necessary).  It should be noted that the Warrants are also
exercisable on 30 June (or such later date as described above) in each of the
years 2005 to 2008.  The terms of the Warrants (the "Warrant Terms") were
summarised in Part III of the prospectus issued by HCEG on 20 October 2003.

In order to exercise their subscription rights, warrantholders must lodge the
following documents at the registered office of HCEG or at the office of HCEG's
registrars, Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent
BR3 4BR by no later than five days prior to the Conversion Date:
     
*    the Warrant certificate(s) (if held by them); and

*    a signed notice of exercise in substantially the following terms:

"We wish to exercise all of our Warrants at the subscription price of 1.5p per
Ordinary Share and enclose a banker's draft/certified funds (delete as
applicable) payable to the Company in the amount of #(insert correct
subscription price).  The Ordinary Shares are to be issued in certificated/
uncertificated form (holder to indicate)".

These documents must be accompanied by a banker's draft or certified funds in
respect of the subscription price for the Ordinary Shares in respect of which
the subscription rights are exercised (being 1.5p per Ordinary Share).
Warrantholders are reminded that once lodged, a notice of exercise of
subscription rights shall be irrevocable save with the consent of the Board of
Directors of the Company.

Save in certain circumstances specified in the Warrant Terms, the Ordinary
Shares issued on the exercise of any subscription rights shall be issued in
either certificated or, if eligible, uncertificated form in accordance with the
instructions of the warrantholder pursuant to the notice of exercise of
subscription rights.

Warrantholders are reminded that subject to the receipt of the subscription
price in full, Ordinary Shares issued pursuant to the exercise of subscription
rights will be allotted on the Conversion Date and (i) in the case of Ordinary
Shares to be issued in certificated form, certificates in respect of such
Ordinary Shares will be despatched not later than five days after the Conversion
Date and (ii) in the case of Ordinary Shares to be issued in uncertificated
form, credited to the account within the relevant system of the person in whose
name the Warrants are registered at the date of such exercise or to such other
person(s) (not being more than four in number) as may be named in the form of
nomination available for the purpose from HCEG's registrars.  Further details of
the allotment and issue of Ordinary Shares pursuant to the exercise of
subscription rights is set out in the Warrant Terms.

The Directors of HCEG are making no recommendation as to whether holders of
Warrants should exercise their subscription rights.  If warrantholders are in
any doubt as to action they should take, they should consult their stockbroker,
bank manager, solicitor, accountant or other independent financial adviser
authorised under the Financial Services and Markets Act 2000.

Not withstanding anything to the contrary stated in any Warrant certificate,
warrantholders are reminded that under their terms, Warrants are transferable
and continue to be listed, and tradable, on the Alternative Investment Market of
the London Stock Exchange.

                                                                    24 June 2004

Enquiries:

Healthcare Enterprise Group PLC                                  020 7659 6158
Stuart Bruck, Executive Chairman

Numis Securities Limited                                         020 7776 1500
David Poutney/Charles Spicer

College Hill                                                     020 7457 2020
Nicholas Nelson/ Corinna Dorward



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            The company news service from the London Stock Exchange
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