Offer Update & Extension

Millfield Group PLC
31 August 2004

Offer update and extension

Millfield Group plc
31 August 2004


Not for release, publication or distribution in or into the United States,
Canada, Japan or Australia.

 RECOMMENDED MERGER OFFER ON BEHALF OF MILLFIELD GROUP PLC ("MILLFIELD") FOR
INTER-ALLIANCE GROUP PLC ("INTER-ALLIANCE")

As at 3.00pm on 31 August 2004, Millfield had received valid acceptances in
respect of a total of 726,507,764 Inter-Alliance Shares, representing
approximately 80.02 per cent. of Inter-Alliance's issued share capital. In
accordance with the terms of the Offer, Millfield has resolved to extend the
period for which the Offer will remain open until 3.00pm on 10 September 2004.

Enquiries:

Emma Kane/ Sanna Lehtinen                      Tel: [phone]
Redleaf Communications                         Mob: [phone]

Terms defined in the Offer Document dated 6 August 2004, have the same meaning
in this press release unless the context otherwise requires.

To the best of their knowledge and belief of the Directors of Millfield Group
plc (having taken all reasonable care to ensure that such is the case), the
information contained in this document is in accordance with the facts and does
not omit anything likely to affect the import of such information. The Directors
of Millfield Group plc accept responsibility accordingly.

Collins Stewart Limited, which is regulated in the United Kingdom by The
Financial Services Authority, is acting for Millfield and no-one else in
connection with the Offer and will not be responsible to anyone other than
Millfield for providing the protections afforded to its customers or for
providing advice in respect of any matters referred to in this press release.


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