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Prism Rail PLC (PIM)

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Monday 04 September, 2000

Prism Rail PLC

Offer Period Extended

Prism Rail PLC
4 September 2000



 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
                         CANADA, AUSTRALIA OR JAPAN

                                                             4 September 2000
                                             
                                                                              
              NATIONAL EXPRESS GROUP PLC ('NATIONAL EXPRESS')
                   RECOMMENDED OFFER FOR PRISM RAIL PLC
                             ('PRISM RAIL')


On  26 July 2000, the Merger Notice under Section 75A of the Fair Trading Act
1973  (the  'Act')  was  submitted to the Director General  of  Fair  Trading
('Director General'). National Express has withdrawn the formal Merger Notice
in  order  to  give  the  Director  General more  time  to  consider  further
information. National Express has received the consent of the Panel  and  the
agreement  of  the board of Prism Rail to extend the last date by  which  the
Offer could be declared wholly unconditional to 20 September 2000.

Terms  defined  in  the Offer Document have the same meaning  in  this  press
release unless the context requires otherwise.

Enquiries:

NATIONAL EXPRESS
William Rollason, 
Finance Director
Helen McCorry,
Communications Manager

Telephone: 020 7529 2000

MERRILL LYNCH
Mark Preston, 
Managing Director

Telephone:  020 7628 1000

FINANCIAL DYNAMICS
Steve Jacobs
Nicola Marsden

Telephone: 020 7831 3113

Merrill Lynch, which is regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting exclusively for National Express and  no
one  else in connection with the Offer and will not be responsible to  anyone
other  than  National  Express  for providing  the  protections  afforded  to
customers of Merrill Lynch or for giving advice in relation to the Offer.

The Offer will not be made, directly or indirectly, in or into, by use of the
mails  or  any  means  of  instrumentality  (including,  without  limitation,
facsimile  transmissions,  telex  or  telephone)  of  interstate  or  foreign
commerce of, or any facilities of a securities exchange of, the United States
nor  is  it  being made in or into Canada, Australia, or Japan and the  Offer
will not be capable of acceptance by any such use, means, instrumentality  or
facilities or from or within the United States, Canada, Australia  or  Japan.
Accordingly, copies of the press announcement are not being, and must not be,
mailed or otherwise distributed or sent in or into or from the United States,
Canada,  Australia  or  Japan and persons receiving  the  press  announcement
(including custodians, nominees and trustees) must not distribute or send  it
in, into or from the United States, Canada, Australia or Japan.