Offer Update

Persimmon PLC 13 March 2001 Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan Persimmon plc Recommended final Offer for Beazer Group Plc Offer declared unconditional in all respects Persimmon announces that all the conditions of the Offer made by ABN AMRO on behalf of Persimmon have now either been satisfied or waived, subject only to the admission of the New Persimmon Shares becoming effective in accordance with the Listing Rules of the UK Listing Authority ('Admission'). Accordingly, the Offer is declared unconditional in all respects, subject only to such Admission, which is expected to become effective at 8.00 a.m. on 14 March 2001. The Offer will remain open until further notice. Beazer Shareholders who have not yet accepted the Offer are urged to do so without delay. The consideration payable to Beazer Shareholders will be despatched by 27 March 2001 in the case of valid acceptances already received, and within 14 days of receipt in the case of valid acceptances received after today's date and while the Offer remains open for acceptance. Persimmon intends to apply the provisions of sections 428 to 430F (inclusive) of the Companies Act 1985 to acquire compulsorily all outstanding Beazer Shares. Persimmon confirms that insufficient elections under the Loan Note Alternative have been received for Loan Notes to be issued to those Beazer Shareholders who elected to receive them, so the Loan Note Alternative is not available to accepting Beazer Shareholders. As at 3.00 p.m. on 12 March 2001, elections under the Mix and Match Election had been received for additional New Persimmon Shares in respect of 169,626,596 Beazer Shares, and for additional cash in respect of 23,613,700 Beazer Shares. Accordingly, elections already received for additional cash will be satisfied in full. Elections already received for additional New Persimmon Shares will be scaled down on a pro rata basis. Terms defined in the Offer Document dated 5 February 2001 have the same meaning in this announcement save where the context requires otherwise. Press enquiries: Persimmon Geoff Grewer, Group Company Secretary 01904 642 199 Finsbury Ed Orlebar / Faeth Finnemore 020 7251 3801 The Persimmon Directors accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Persimmon Directors (who have taken reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. ABN AMRO Corporate Finance Limited, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting 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. The Offer is not being made, directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or any facility of a national securities exchange of, the United States, Canada, Australia or Japan and the Offer will not be capable of acceptance by any such use, means, instrumentality or facilities from within the United States, Canada, Australia or Japan. Accordingly, copies of this announcement are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from the United States, Canada, Australia or Japan and persons receiving this document and any related document (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it in or into or from the United States, Canada, Australia or Japan. Doing so may render invalid any purported acceptance of the Offer. The New Persimmon Shares and the Loan Notes have not been, nor will they be, registered under the Securities Act or under the securities laws of any state of the United States; the relevant clearances have not been, nor will they be, obtained from the securities commission of any province or territory of Canada; no prospectus has been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance; and neither the New Persimmon Shares nor the Loan Notes have been, nor will they be, registered under or offered in compliance with applicable securities laws of any state, province, territory or jurisdiction of Canada, Australia or Japan. Accordingly neither the New Persimmon Shares nor the Loan Notes may (unless an exemption under relevant securities laws is applicable) be offered, sold, resold or delivered, directly or indirectly, in or into the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction or to, or for the account or benefit of, a Restricted Overseas Person. ABN AMRO Corporate Finance Limited has authorised the issue of this announcement solely for the purposes of Section 57 of the Financial Services Act 1986. This announcement does not constitute an offer or an invitation to purchase any securities.

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