BHD Brockhampton

RNS Number:6797O
East Surrey Holdings PLC
13 December 2001



East Surrey Holdings plc ("East Surrey")



Brockhampton Holdings Plc

It was announced on Friday 7 December 2001 that the recommended cash offers
from South Downs Limited for the entire share capital of Brockhampton Holdings
Plc ("Brockhampton") was declared unconditional in all respects. It was
further announced that consideration payable in respect of acceptances
received not later than 3.00pm on 7 December 2001, will be despatched to
shareholders not later than 21 December 2001.

East Surrey's investment in Brockhampton was 613,500 10p Ordinary Shares and
17,301,512 "A" Ordinary Shares. The offers value the total investment at #
24.1million compared to a book value of this investment of #21.6million.. The
Board of East Surrey is considering how best to utilise the proceeds of the
sale in a manner consistent with our intention to enhance shareholder value.

East Surrey's Chairman, Pat Barrett commented that he "regarded the offer made
for our investment as a good opportunity to exit Brockhampton in a
satisfactory manner, bringing to an end an unsatisfactory relationship."

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