Offer Talks Terminated: Amend

Millfield Group PLC
05 May 2006


               Millfield Group plc ("Millfield" or the "Company")

              Offer Talks Terminated: Amendment and Clarification



The following amendments have been made to release number 4950C released at
7.00am on 5 May 2006: in the first paragraph the announcement made on 29 March
was misquoted and the reference to the offer being made "at or around the market
price" has been removed; the alternative strategy outlined in the second
paragraph has been clarified; and the Dealing Disclosure Requirements and rule
2.10 disclosure have been added.

The announcement should read as set out below:



On 29 March 2006, the Board of Millfield announced it had received "a
preliminary approach from a third party which may or may not lead to an offer
being made for the Company". The Board of Millfield today announces that those
discussions have now terminated.

Millfield is currently in discussions with other parties and it has appointed
turnaround consultants to conduct a strategic review of the Group.  The Board
anticipates that a further announcement will be made in the next few days.


Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of Millfield, all "dealings" in
any "relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an "
interest" in "relevant securities" of Millfield, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Millfield by the Company, or by any of their respective 
"associates", must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


Disclosure in accordance with Rule 2.10 of the City Code:

In accordance with Rule 2.10 of the City Code, Millfield Group plc confirms that
it has in issue and admitted to trading on AIM, a market operated by the London
Stock Exchange, 119,255,724  ordinary shares of 0.175 pence each under the ISIN
code GB0030199953.


                      This information is provided by RNS
            The company news service from the London Stock Exchange