RNS Number:8289R
Mintglade Limited
07 November 2003





For Immediate Release                                    7 November 2003



                               Mintglade Limited
                         Offer for Newport Holdings PLC
                    Compulsory acquisition of Newport Shares


Further to the announcement on 30 October 2003 that the recommended cash offer
(the "Offer") made by Shore Capital and Corporate Limited on behalf of Mintglade
Limited ("Mintglade") for the whole of the issued share capital of Newport
Holdings PLC ("Newport") had been declared wholly unconditional, Mintglade
announces that it has today issued to the shareholders of Newport who have so
far not accepted the Offer a notice under section 429(4) of the Companies Act
1985 (the "Notice") stating its intention to acquire compulsorily such
outstanding Newport Shares.

Newport Shareholders who have not accepted the Offer and to whom, therefore, the
Notice relates, are advised that they are entitled under section 430C of the
Companies Act 1985 to make application to the court within six weeks of the date
of the Notice, 7 November 2003, for an order either that Mintglade shall not be
entitled and bound to acquire their Newport Shares or that different terms to
those of the Offer shall apply to the acquisition. If such action is
contemplated, such Newport Shareholders may wish to seek legal advice.

The compulsory acquisition process is expected to be completed on (or shortly
after) 19 December 2003 (being the expiry of six weeks after the date of the
Notice). The Offer will remain open for acceptance until the compulsory
acquisition process has been completed. Newport Shareholders who have not
accepted the Offer are strongly encouraged to return their completed Forms of
Acceptance in accordance with the instructions printed thereon as soon as
possible. Additional Forms of Acceptance are available from Lloyds TSB
Registrars on 0870 600 0673. Holders of Newport Shares in uncertificated form
are strongly encouraged to send (and CREST sponsored members procure that their
CREST sponsor sends) to CRESTCo a TTE instruction in relation to such Newport
Shares. Accepting Newport Shareholders will receive the consideration due to
them within 14 days of accepting the Offer, which is likely to be sooner than if
the compulsory acquisition process is followed.

On 30 October 2003, Newport made application to the London Stock Exchange and
the UK Listing Authority for the cancellation of trading in Newport Shares on
the London Stock Exchange's market for listed securities and the listing of
Newport Shares on the Official List of the UK Listing Authority, respectively.
Such cancellation is expected to take place by 27 November 2003 or as soon as
practicable thereafter.

Unless the context otherwise requires, the definitions contained in this
announcement are the same as those used in the document containing the Offer
dated 8 October 2003.



Enquiries:

Mintglade
Michael Goldberger                     020 7843 3788


Shore Capital
Alex Borrelli                          020 7408 4090




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