Further re Suspension

Room Service Group PLC 01 April 2003 Embargoed - Not to be released until 4.00pm 1st April, 2003 Room Service PLC. ('Room Service' or 'the Company') Settlement with creditors and resumption of trading on AIM The Company announced its interim results for the six month period ended 30th June 2002, on 12th March, 2003. At that time, the directors stated that they were in advanced negotiations regarding a possible take-over and were seeking to clarify the Company's financial position. The Company now announces that the negotiations previously disclosed regarding a possible take-over have been terminated. The Board continues to seek a suitable acquisition and hopes to be able to report progress in the near future. Furthermore, the Company has concluded negotiations with its creditors and reached agreement with them in respect of their claims. The Company's creditors are owed, in aggregate, £216,312.35. Hanover Capital Group PLC, a company whose shares are traded on the Alternative Investment Market, ('Hanover') has agreed to assume these debts and has agreed terms with the creditors in full and final settlement of their claims. Following the assignment of the debts referred to above to Hanover, the Company will accordingly owe £216,312.35 to Hanover and has agreed with Hanover to settle that indebtedness in due course by an issue of ordinary shares in the capital of the Company. The Company's financial position having been clarified, the directors have requested that the Company's shares resume trading on AIM. Trading is expected to commence immediately. This information is provided by RNS The company news service from the London Stock Exchange

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