Shami Ahmed

Offer Update

Shami Ahmed
28 March 2002

Shami Ahmed

Approach to Moss Bros Group PLC ('Moss Bros')

Mr Shami Ahmed announces that he has, today, notified the board of Moss Bros
(the 'Board') of material improvements to the terms of his proposed cash offer
for Moss Bros (the 'Proposed Offer').

    - Mr Ahmed intends to offer 50 pence per Moss Bros share and will not make
    an offer of less than 45 pence per share

    - Full financial support is in place for the improved proposal with offers
    of debt finance from Bank of Scotland and equity underwritten by a company
    controlled by a Rowland Family Trust

The making of and funding for the Proposed Offer are subject to the satisfactory
completion of limited due diligence.

An offer of 50 pence per Moss Bros share would represent a premium of 57% to the
closing price of 31.75p on 6 December 2001, the day before Mr Ahmed made his
announcement that he was interested in acquiring Moss Bros and a premium of 100%
to the share price of 25p in late November 2001, prior to takeover speculation.
On the same bases an offer of 45 pence would represent premia of 42% and 80%

Following agreement on the terms of an offer, Mr Ahmed will commit to the
payment of a break fee of £250,000 in the event that an offer is not made.

Mr Ahmed and his advisers are available to discuss the Proposed Offer at any
time. However, Mr Ahmed does not propose to initiate any further contact with
the Board.

For further information contact:

Richard Darby, Richard Oldworth

Buchanan Communications     020 7466 5000

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