Statement re Possible Offer

RNS Number:3613I
Vega Group PLC
23 November 2007


                                                               23 November 2007
                                VEGA GROUP PLC

                         Statement re: Possible Offer


The board of directors of VEGA Group plc ("VEGA" or the "Group") announces it
has received an unsolicited early stage  expression of interest from a third
party which may or may not lead to an offer being made for the Group.

These discussions are at a very preliminary stage and shareholders should be
aware that there is no certainty that an  offer will be forthcoming.

A further announcement will be made in due course.

Shareholders are advised to take no action at this stage.

Enquiries:

VEGA Group PLC:
Phil Cartmell, Chief Executive                         01707 391999
Sue Bygrave, Group Finance Director

Investec:
James Grace / Andrew Pinder                            020 7597 5000

Smithfield:
Tania Wild / Reg Hoare                                 0207 360 4900

Investec Bank (UK) Limited, which is authorised and regulated by the Financial
Services Authority in the United  Kingdom, is acting for VEGA and no one else in
relation to the matters referred to in this announcement and will not be 
responsible to any person other than VEGA for providing the protections afforded
to clients of Investec Bank (UK)  Limited nor for providing advice in relation
to the matters referred to herein.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the
"Code"), the Company confirms that it has  in issue and admitted to trading on
the London Stock Exchange plc, 20,523,745 ordinary shares of 5 pence nominal
value  each under the ISIN code GB0009291500.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested"  (directly or indirectly) in 1% or more of
any class of "relevant securities" of the Company, all "dealings" in any 
"relevant securities" of the Company (including by means of an option in respect
of, or a derivative referenced to, any  such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the London business
day following the date of the relevant transaction. This requirement will
continue until the date on which the offer  becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer  period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal  or informal, to acquire an
"interest" in "relevant securities" of the Company, they will be deemed to be a
single  person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of the Company by the Company, or  by any of their respective
"associates", must be disclosed by no later than 12.00 noon (London time) on the
London  business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and  the number of such securities
in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute,  to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the  ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any  doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.




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

END
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