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Ennstone PLC (ENN)

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Friday 29 October, 2004

Ennstone PLC

Acquisition of Johnston Group

Ennstone PLC
29 October 2004

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

                                                                 29 October 2004


                            ENNSTONE PLC ("ENNSTONE")
          RECOMMENDED OFFER ("OFFER") FOR JOHNSTON GROUP PLC ("JOHNSTON")
                              RESULT OF OFFER EGM



Johnston Offer EGM



The adjourned EGM in respect of the Offer was held today and the resolution to
approve the Offer and related matters was duly passed on a poll. Votes were cast
in favour of the resolution in respect of 76,921,793 shares, representing
approximately 55.8 per cent. of the total votes cast. Votes were cast against
the resolution in respect of 60,928,270 shares, representing approximately 44.2
per cent. of the total votes cast.





Requisitioned EGM



The adjourned EGM in respect of North Atlantic Value LLP's proposals was held
today and the resolutions to conduct a strategic review and appoint Jonathan
Scott-Barrett to the Board were defeated.



Resolution 1: Votes were cast against the resolution in respect of 69,700,765
shares, representing approximately 58.5 per cent. of the total votes cast. Votes
were cast in favour of the resolution in respect of 49,443,710 shares,
representing approximately 41.5 per cent. of the total votes cast.



Resolution 2: Votes were cast against the resolution in respect of 69,639,747
shares, representing approximately 58.5 per cent. of the total votes cast.
Votes were cast in favour of the resolution in respect of 49,455,782 shares,
representing approximately 41.5 per cent. of the total votes cast.





The Offer



The Offer is now wholly unconditional, save as to Admission, which the Board
expects to take place at 8.00am on Monday 1 November 2004.



The closing date for the Offer is currently 3.00pm on 29 October 2004.
Following the positive EGM result referred to above, the Board expects to extend
the Offer and a further announcement will be made in due course.



Vaughan McLeod, Chairman of Ennstone, commented:



"We are pleased with the successful outcome of today's EGMs. Following a period
of uncertainty we look forward to beginning the integration of the two
businesses which I believe will strengthen our English market position."




This announcement, which is the sole responsibility of Ennstone, has been
approved by Altium Capital solely for the purpose of Section 21 of the Financial
Services and Markets Act 2000.



Altium Capital, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Ennstone as financial
adviser (within the meaning of the Rules of the Financial Services Authority)
and no-one else in connection with the Offer and is not advising any other
person or treating any other person as its client in relation thereto and will
not be responsible to anyone other than Ennstone for providing the protections
afforded to clients of Altium Capital or for providing advice in relation to the
Offer, the contents of this announcement or any other matters referred to
herein.



Terms defined in the Offer Document bear the same meanings when used in this
announcement.





Enquiries:


Ennstone plc
Vaughan McLeod                                                                                   01332 694444

Altium Capital Limited
Phil Adams/Paul Lines                                                                           0161 831 9133

College Hill
Mark Garraway/Matthew Gregorowski                                                               020 7457 2020








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