Disposal

BGR PLC 13 October 2000 BGR PLC ('BGR') Proposed Disposal of Signature Restaurants Further to the announcement made on 14 August 2000, BGR has agreed in principle to dispose of its three Signature Restaurants, comprising Bank (Aldwych), Bank Birmingham and Zander, for a cash consideration of £11.025 million of which £775,000 is payable subject to the future profitability of the Signature Restaurants. The proposed disposal is subject, inter alia, to the completion of the fundraising being undertaken by the company incorporated for the purpose of acquiring the business and assets of the Signature Restaurants. The company is intending to come to AIM. Tony Allan will remain executive Chairman of BGR and will be non executive Chairman of the new Group and Christian Delteil will become Managing Director of the new Group and a non-executive Director of BGR. BGR intends to change its name to FISH plc at the earliest opportunity. ENQUIRIES Enquiries: BGR plc Tel: 020 7234 3300 Tony Allan, Chairman Jeremy Ormerod, Chief Executive College Hill Tel: 020 7457 2020 Justine Warren Matthew Smallwood

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FIH Group (FIH)
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