RNS Number:9592Q
Haslemere N.V.
16 October 2003

                                                      Rotterdam, 16 October 2003

Haslemere N.V. announces that it has bought in for cancellation a further
GBP14.5 million of the GBP200 million 6.25% First Mortgage Debenture Bonds 2024
issued in 1999 by its Jersey subsidiary, Haslemere Jersey Finance Ltd. The
company previously announced, on 15 October 2003, that an aggregate GBP132.3
million had been bought in, and this current transaction brings the total bought
in for cancellation to GBP146.8 million.

Following cancellation, GBP53.2 million of the Bonds will remain outstanding.

For further information contact:

Haslemere N.V.
David Lee, Finance Director                    +44 (0)20 7467 4500
Wilbert van Twuijver                           +31 (0)10 201 36 04

Gavin Anderson & Company
Charlotte Stone                                +44 (0)20 7554 1400

Website                                        www.haslemerenv.com
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