Stmnt re Press Comment

City Centre Restaurants PLC 2 November 2000 CITY CENTRE RESTAURANTS PLC ('City Centre' or 'the Group') Statement Re: Press Comment Further to recent press speculation, the Board of City Centre Restaurants Plc wishes to clarify that it is not currently in any discussions pursuant to an offer for the Company. The Board had received a preliminary conditional approach from a third party at 65p per share which it rejected as undervaluing the Company. The senior management continues to progress its strategic review of the Group with a view to maximising shareholder value. A further announcement on the outcome of this strategic review will be made shortly. ENQUIRIES: College Hill Tel: 020 7457 2020 Matthew Smallwood City Centre Restaurants plc Tel: 01243 622206 John Jackson
UK 100

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