B.C.R.E. honours public cash offer for Haslemere

With reference to the public annoucement dated 28/29 March 2002 and the offer document dated 28 March 2002 B.R.C.E (Brack Capital Real Estate) B.V. announces that all the conditions as set out in the Offer Document for honouring the public cash offer for all issued and outstanding ordinary shares in the capital of Haslemere N.V. are met or have been waived by Brack Capital and that it honours the offer.

At closing of the offer acceptance period, being 15.00 hours Central European Time 26 April 2002, 18,908,539 Haslemere shares had been tendered, representing a total of approximately 82.68% of the Haslemere Shares.

(source: Brack Capital)

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