Placing and Open Offer

Unite Group PLC 21 August 2002 Date: 21 August 2002 On behalf of: UNITE Group plc THE UNITE GROUP PLC - ADMISSION TO LISTING AND TO TRADING Not for release, distribution or publication in whole or on part in or into the United States, Canada, the Republic of Ireland, Japan or Australia The Board of The UNITE Group plc, the UK's leading specialist provider of student and NHS key worker accommodation services, is pleased to announce that earlier today 32,857,143 new Ordinary Shares were admitted to listing and to trading and that the Placing and the Open Offer have now become unconditional in all respects. As a result, the Company now has 107,604,772 Ordinary Shares in issue. Terms defined in the prospectus dated 24 July 2002 in relation to the Placing and the Open Offer have the same meaning in this announcement. Enquiries: UNITE Nicholas Porter, Chief Executive Officer (020) 7902 5055 Simon Bernstein, Chief Financial Officer UBS Warburg Michael Meade (020) 7567 8000 Edmund Craston Redleaf Communications Emma Kane (020) 7955 1410/ 07734 603381 This announcement does not constitute, or form part of, an offer or solicitation of an offer to sell or issue shares or other securities, in any jurisdiction. The Placing and the Open Offer have only been made on the basis of information contained in the prospectus dated 24 July 2002. The making of an offer in, or to residents or citizens of, certain jurisdictions other than the United Kingdom ('Overseas Shareholders'), may be restricted by the laws of the relevant jurisdictions. Overseas Shareholders should inform themselves about and observe any such applicable legal requirements in their respective jurisdictions. The New Ordinary Shares have not been and will not be registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Rule 902 under the Securities Act) except pursuant to an exemption from such registration. Notwithstanding the foregoing, no Offer Shares will be offered or will be sold pursuant to the Open Offer in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Rule 902 under the Securities Act). Copies of this announcement are not being, and should not be, distributed in or sent into the United States. UBS Warburg is acting for UNITE and no one else in connection with the transaction and will not be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the transaction. This information is provided by RNS The company news service from the London Stock Exchange

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Unite Group (UTG)
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