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Jordec Group PLC (MLG)

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Wednesday 12 April, 2000

Jordec Group PLC

Result of Open Offer

Jordec Group PLC
12 April 2000

Jordec Group PLC ('the Company')

Result of Open Offer

On  17  March  2000  the Company announced  the  proposed
acquisition of MacLellan International Limited, MacLellan
Engineering  Services  Plc and an  Open  Offer  to  raise
£14.88 million.

The Company announces that as at 3.00pm on 11 April 2000,
being  the  last time and date for acceptances under  the
Open  Offer,  valid  acceptances had been  received  from
qualifying   shareholders  in  respect  of  487,436   new
ordinary shares.

The  Company  had received irrevocable undertakings  from
the  Directors and certain other shareholders not to take
up   their  entitlements,  amounting  in  aggregate,   to
5,516,456 new ordinary shares, and these shares have been
conditionally placed firm at the placing price.

The  15,262,732  new  ordinary shares  not  taken  up  by
existing  shareholders, representing 71.77 per  cent.  of
the open offer shares, have been placed with institutions
at the placing price of 70p.

The  Open Offer is conditional on the passing of  certain
resolutions to be put to shareholders at an extraordinary
general  meeting of the Company to be held at 11.15am  on
13 April 2000.

A   further  announcement  will  be  made  following  the
extraordinary general meeting.

John  Foley, Chief Executive commented as follows on  the
result of the Open Offer:

'We  are  pleased  that  the Company  has  raised  £14.88
million  under  the  Open Offer and that,  following  the
passing  of  the  resolutions at  the  EGM,  we  can  now
complete  the  acquisitions  of  MacLellan  International
Limited, MacLellan Engineering Services Plc and MacLellan
International  Limitada.   Although  the  take  up   from
existing  shareholders has been low because of  difficult
current  market conditions, the Board believes  that  the
acquisitions will totally transform the prospects of  the
new  MacLellan Group plc and looks forward to the  future
with confidence'.


For further information please contact:
John Foley, Chief Executive
Jordec  Group Plc:                    Tel:  01454 313440


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