Result of Selecta Grp Meeting

Compass Group PLC 1 May 2001 RESULT OF SELECTA GROUP'S GENERAL SHAREHOLDERS' MEETING Further conditions of Compass Group's public purchase offer for Selecta Group fulfilled At the ordinary general shareholders' meeting held yesterday in Zug, Switzerland, the shareholders of Selecta Group ('Selecta') resolved (subject to all conditions of the Offer (as defined below) being fulfilled or waived) to: (i) remove the provisions of the articles of incorporation of the company preventing shareholders from being registered with more than 5 per cent. of the company's voting rights; and (ii) elect Mr. Michael J. Bailey and Mr. Chris Bucknall to the board of directors of Selecta. Messers Bailey and Bucknall will replace the resigning Dr. Albert Gnagi, Mr. Hartmut Ekloh, Mr. Fritz Frohofer and Mr. Michael Pieper. Messers Bailey and Bucknall will join Mr. Francis Mackay and Mr. This Schneider on the board of directors of Selecta. As such, two further conditions to which the public purchase offer by Compass Group PLC ('Compass Group') for all publicly held outstanding registered shares in Selecta Group, Zug, Switzerland (the 'Offer'), is subject (namely conditions b) and c) as set out in section A.6 of the offer prospectus of 26 March 2001 (the 'Offer Prospectus')) have been fulfilled. The Offer is open for acceptance until 9 May 2001, 4 p.m. Central European Time (CET), being the day following the expiry of the time limit for the European competition authority to announce its decision as to whether it will clear the proposed combination. If such clearance is granted in accordance with condition d) of the Offer (as set out in section A.6 of the Offer Prospectus) the Offer shall become wholly unconditional and the aforementioned resolutions shall become effective. Schroder Salomon Smith Barney is acting as financial adviser to Compass Group. UBS Warburg is acting as financial adviser to Compass Group in respect of the Offer. Compass Group has also commissioned UBS AG for the technical handling of the Offer. For further information please contact: Cathi Lawrence, Group Communication Director Nick Lyon, Hudson Sandler This announcement is issued by and is the responsibility of Compass Group the contents having been approved solely for the purposes of section 57 of the Financial Services Act 1986 by Salomon Brothers International Limited (trading as Schroder Salomon Smith Barney). The Offer is not being made directly or indirectly in or by the use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national exchange of the United States of America, or in any country or jurisdiction where such Offer would be considered unlawful or in which it would otherwise breach any applicable law or regulation or which would require Compass Group to amend any term or condition of the Offer in any way or which would require Compass Group to make any additional filing with, or take any additional action with regards to, any governmental, regulatory or legal authority. Offering materials relating to the Offer may not be distributed in nor sent to such country or jurisdiction and may not be used for the purposes of soliciting the purchases of any securities of Selecta from anyone in such country or jurisdiction. Salomon Brothers International Limited (trading as Schroder Salomon Smith Barney) is regulated in the United Kingdom by the Securities and Futures Authority Limited. Salomon Smith Barney is a service mark of Salomon Smith Barney Inc. Schroders is a trademark of Schroders Holdings PLC and is used under licence.
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