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Asite PLC (ASE)

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Wednesday 01 October, 2003

Asite PLC

SAR - Options in Asite Plc

Asite PLC
30 September 2003

                      Asite plc (the 'Company' or 'Asite')

                       Issue of Options - SARs Disclosure

The Company was notified on 29 September 2003 by B&C Plaza Limited ('B&C') that
B&C have granted options over 17,362,400 ordinary shares in the Company,
representing approximately 16.8% of the entire issued share capital of Asite, to
O'Rourke Investments Plc ('O'Rourke').

Should O'Rourke exercise the 17,362,400 options over ordinary shares in the
Company, B&C's holding in Asite would fall from 26,607,062 ordinary shares,
representing approximately 25.9% of the existing issued share capital of Asite,
to 9,244,662, representing approximately 9.0% of the existing issued share
capital of the Company.

Further details relating to the acquisition of options over Asite ordinary
shares are disclosed in the Substantial Acquisitions of Shares notice below.


Date of disclosure

1 October 2003

Date of acquisition

29 September 2003

Acquisition in (name of company)

Asite plc

1. Class of voting shares (eg ordinary shares)

Ordinary Shares

Number of shares/rights over shares acquired

17,362,400                                                  Rights

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights

Call Options @10p each over Ordinary Shares

2. Resultant total holding of voting shares (and % of total voting shares in

1,730,770                                            1.68%

Resultant total holding of rights over shares (and % of total voting shares in

17,362,400                                           16.87 %

Total percentage


3. Party making disclosure

Asite plc

4. (a) Name of person acquiring shares or rights over shares

O'Rourke Investments Plc (ultimate holding company of Laing O'Rourke Plc)

and, if different, beneficial owner


(b) Names of any other persons acting by agreement or understanding (see SAR 5)


Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)

Tom Dengenis

Telephone and extension number

020 7647 5151

Note.   Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section.  Tel. No: 020 7638 0129.

                      This information is provided by RNS
            The company news service from the London Stock Exchange