Offer Talks Terminated

Hornby PLC
13 October 2000



On 14 April 2000 Hornby Plc ('Hornby' or 'the Company') announced that it was
reviewing its strategic options, including considering possible offers for
the Company. As part of this process discussions have been held with a number
of parties. 
 
The Board of Hornby announces that it is no longer in talks concerning a
possible offer for the Company.  
 
In the Chairman's statement issued on 30 June 2000 it was stated that if the
then current discussions did not lead to a satisfactory offer for the Company
it was intended that the Company would look to return funds in excess of
business requirements to shareholders early in 2001. The Chairman's statement
also recorded that as the Company's outsourcing programme had been completed
the Company would be able to begin to reduce its investment in stock. 
 
Hornby's programme to reduce stock is progressing well and, depending on
Christmas trading and bank approval, should enable the Company to return a
significant amount of cash to shareholders early in 2001. 
 
The Company's current trading is ahead of where it was at this time last
year. Although it is too early to predict the level of sales for the critical
Christmas season the signs at this stage are positive. 
 
Further announcements will be made in due course. 
 

Enquiries:

Hornby Plc
Peter Newey                                    0207 499 2041