Offer Update

Persimmon PLC 30 January 2001 Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan Persimmon plc ('Persimmon') Recommended final* offer for Beazer Group Plc ('Beazer') The Boards of Persimmon and Beazer announce that the Board of Beazer has agreed to recommend Persimmon's final* offer ('the Offer') for Beazer. The terms of the Offer are as set out in the announcement dated Wednesday 24th January, 2001, save that Persimmon has agreed to offer Beazer shareholders loan notes as an alternative to all or part of the cash consideration which would otherwise be receivable by them under the Offer and the mix and match election. The details of the loan notes will be set out in the formal offer documentation to be sent to Beazer shareholders. On the basis of yesterday's closing mid-market price of 279.5p per Persimmon Share, the Offer values each Beazer Share at approximately 195p. The formal offer documentation for Beazer shareholders, a circular to Persimmon shareholders explaining the Offer and listing particulars relating to Persimmon will be posted shortly. Commenting on today's announcement, Victor Benjamin, Chairman of Beazer, said: 'The Board of Beazer has considered the terms of Persimmon's Offer and is pleased to recommend the Offer to Beazer shareholders'. Commenting on today's announcement, Duncan Davidson, Group Chairman of Persimmon, said: 'We are delighted that the Board of Beazer has agreed to recommend our offer. We look forward to welcoming Beazer's shareholders, customers and staff to the Persimmon Group'. Press enquiries: Persimmon John White 01904 642 199 Group Chief Executive ABN AMRO Corporate Finance Limited Martin Wright 020 7678 8000 Finsbury Ed Orlebar 020 7251 3801 Beazer Victor Benjamin 01225 428 401 John Low Lazard Nicholas Jones 020 7588 2721 John Wilford Bell Pottinger Matthew Moth 020 7353 9203 *The Offer is final and will not be revised or increased. However, Persimmon reserves the right to amend, improve, revise, increase or change the terms of the Offer in the event of a revised offer from Bryant or any other competitive situation arising or otherwise with the consent of the Panel. ABN AMRO Corporate Finance Limited, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting exclusively for Persimmon and no-one else in connection with the Offer and will not be responsible to anyone other than Persimmon for providing the protections afforded to customers of ABN AMRO Corporate Finance Limited or for giving advice in relation to the Offer. Lazard, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting exclusively for Beazer and no-one else in connection with the Offer and will not be responsible to anyone other than Beazer for providing the protections afforded to customers of Lazard or for providing advice in relation to the Offer.

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