Offer Document Posted

GPG (UK) Holdings PLC
07 April 2003

For immediate release

Not for release, publication or distribution in whole or in part in or into the

                   United States, Canada, Japan or Australia



                                                                   7 April, 2003

CASH OFFER BY AVENUE ACQUISITION PLC ('AVENUE ACQUISITION') FOR COATS PLC ('
COATS')
                               Offer Document posted





Avenue Acquisition plc announces that the Offer Document in relation to the
unconditional recommended mandatory cash offer for Coats has today been posted.



As set out in the Offer Document, acceptances of the Coats Share Offer should be
received by no later than 3.00 p.m. on 28 April, 2003.



Terms used in this announcement shall have the same meaning as those in the
Offer Document.





Enquiries:


Avenue Acquisition plc                                 Tel: [phone]

Mark Butcher, Director
Ross Burney


Strand Partners Limited                                Tel: [phone]
(Financial Adviser to Avenue Acquisition)
Simon Raggett
Warren Pearce






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