RNS Number:4361O
Eldridge Pope & Co PLC
07 August 2003



7 August 2003


Eldridge, Pope & Co. plc ("Eldridge Pope")


Tender offer by SDA Limited

The Board of Eldridge Pope has noted the tender offer announced this morning by
SDA Limited, a company which is ultimately wholly owned by Mr Michael Cannon.
The tender offer is to purchase (by way of tender) up to 4,799, 342 ordinary
shares, representing 19.31 per cent. of the issued share capital of Eldridge
Pope, for 165p per share and to remain open for acceptance until 3.00pm on 28
August 2003.  At the time of the announcement, SDA Limited disclosed a holding
of 2,492,000 Eldridge Pope ordinary shares, representing approximately 10.07 per
cent. of the Eldridge Pope ordinary shares in issue.  Combined with the existing
holding of Mr Michael Cannon, SDA Limited and Mr Michael Cannon together
beneficially own 2,642,000 Eldridge Pope ordinary shares, representing
approximately 10.68 per cent. of the Eldridge Pope ordinary shares in issue.


The Board of Eldridge Pope confirms that the tender offer by SDA Limited is
unsolicited and notes that the announcement makes no reference to SDA Limited's
future intentions.  The Board of Eldridge Pope is considering its position and
intends to seek clarification from SDA Limited as to its intentions.  The Board
will make a further announcement with its response in due course.


In the meantime, Eldridge Pope shareholders are strongly advised by the Board to
take no action in respect of the tender offer.


Enquiries:


Michael Holmes / Daniel de Belder                          Tel: 020 7630 1411

The Communication Group plc


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            The company news service from the London Stock Exchange
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