Response to statement by TDR

City Centre Restaurants PLC 09 January 2004 FOR IMMEDIATE RELEASE 9 January 2004 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA City Centre Restaurants plc ('City Centre Restaurants' or the 'Company') Response to statement by TDR Capital LLP ('TDR') The Board of City Centre Restaurants notes the announcement today by TDR that it is evaluating a possible offer for ASK Central PLC. The Board notes that there is no offer from TDR and indeed TDR have stated that there is no certainty that any offer will be forthcoming. The Offer by City Centre Restaurants announced on 18 December 2003 and posted to ASK Central Shareholders on 22 December 2003, is the only firm Offer capable of acceptance. Based on the Closing Share Price of City Centre Restaurants Shares on 8 January 2004 of 76.25 pence the Offer by City Centre Restaurants is worth at least 183.4 pence per ASK Central Share. In addition, ASK Central Shareholders who accept the City Centre Restaurants Offer are entitled to dividends worth at least 4.4 pence per ASK Central Share. ASK Central Shareholders are reminded that the First Closing Date for the City Centre Restaurants Offer, which has the unanimous recommendation of the ASK Central board directors each of whom have provided irrevocable undertakings to accept the City Centre Restaurants Offer, is 3.00 pm on 19 January 2004. To the extent they have not already done so, ASK Central Shareholders who wish to accept the Offer should complete and return their form of acceptance in accordance with the procedure set out in the Offer Document. Enquiries: City Centre Restaurants plc Alan Jackson (Executive Chairman) Andrew Page (Group Managing Director) Tel: 020 7747 7750 Dresdner Kleinwort Wasserstein Charles Batten Christopher Baird Tel: 020 7623 8000 College Hill Matthew Smallwood Tel: 020 7457 2020 Terms used in this announcement shall have the same meaning as those in the Offer Document and the Listing Particulars dated 22 December 2003. Dresdner Kleinwort Wasserstein Limited, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for City Centre and for no one else in connection with the Offer and the Placing and will not be responsible to anyone other than City Centre for providing the protections afforded to customers of Dresdner Kleinwort Wasserstein Limited, or for affording advice in relation to the Offer and the Placing or any matters referred to in this announcement. The Offer by City Centre Restaurants is not being made, directly or indirectly, in or into, or by use of the mails of, or by any facilities of a national, state or other securities exchange of any US Restricted Jurisdiction, Canada, Australia, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction and the Offer should not be accepted by any such use, means, instrumentality or facility, or from within any US Restricted Jurisdiction, Canada, Australia, Japan or any such other jurisdiction and doing so may render invalid any purported acceptance of the Offer. Accordingly, copies of this announcement and any documents related to the Offer are not being and must not be mailed, forwarded, sent, transmitted or otherwise distributed in, into or from any US Restricted Jurisdiction, Canada, Australia, Japan or any such other jurisdiction and all persons receiving such announcement (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not distribute, forward, mail or transmit or send them into or from any US Restricted Jurisdiction, Canada, Australia, Japan or any such other jurisdiction. END This information is provided by RNS The company news service from the London Stock Exchange
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