Response to Duke Street Stmnt

Esporta PLC 2 July 2002 ESPORTA PLC ('ESPORTA') RESPONSE TO DUKE STREET CAPITAL LEISURE INVESTMENTS LIMITED ('DUKE STREET') ANNOUNCEMENT The Board of Esporta has noted the announcement made by Duke Street this morning. In response, John Grieves, Chairman of Esporta, said: 'It is quite clear to us that our shareholders are not impressed by Duke Street's Offer. Their Offer and their arguments are focused on the past. This nil premium Offer materially undervalues the business, which has shown significantly improved performance under its new management. With the problems of the past being firmly dealt with, we are now focusing on growth. Next week we shall be writing to our shareholders, setting out our strategy which we believe will maximise the Company's prospects.' ENQUIRIES: ESPORTA Maurice Kelly, Chief Executive 0118 912 3503 Michael Ball, Finance Director 0118 912 3504 LAZARD (Financial Adviser to Esporta) Nicholas Shott 020 7588 2721 Jean-Eudes Renier CAZENOVE (Broker to Esporta) Michael Wentworth-Stanley 020 7588 2828 Roger Lambert BRUNSWICK William Cullum 020 7404 5959 The Directors of Esporta accept responsibility for the information contained in this announcement and, to the best of their knowledge and belief (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 such information. Lazard Brothers & Co., Limited ('Lazard') is acting for Esporta and no one else in connection with the Offer by Duke Street and will not be responsible to anyone other than Esporta for providing the protections afforded to clients of Lazard nor for providing advice in relation to this matter. Cazenove & Co Ltd ('Cazenove') is acting for Esporta and no one else in connection with the Offer by Duke Street and will not be responsible to anyone other than Esporta for providing the protections afforded to clients of Cazenove nor for providing advice in relation to this matter. Words and expressions defined in the document posted to Esporta Shareholders on 14 June 2002 have the same meaning where used in this announcement unless the context otherwise requires. This information is provided by RNS The company news service from the London Stock Exchange
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