Response to Offer

Esporta PLC 31 May 2002 Esporta plc Response to Offer by Duke Street Capital Leisure Investments Limited ('Duke Street') The Board of Esporta has noted the announcement this morning of a nil-premium offer by Duke Street for Esporta at 80 pence per share. The Board of Esporta is firmly of the view that this offer materially undervalues the company and its prospects. This view is underpinned by the significant and sustained improvement in the company's trading performance since the implementation of the new Chief Executive's plan. Detailed reasons for the Board recommending that shareholders should reject the offer will be sent to shareholders after Duke Street's formal offer document has been issued. In the meantime, shareholders are strongly advised to take no action. ENQUIRIES: Maurice Kelly, Chief Executive Esporta plc 0118 912 3503 Michael Ball, Finance Director Esporta plc 0118 912 3504 Nicholas Shott Lazard 020 7588 2721 Jean-Eudes Renier Lazard William Cullum Brunswick 020 7404 5959 The directors of Esporta plc ('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 Capital Leisure Investments Limited 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. END This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings