CRGR Corin Group Rfd

RNS No 5552u
CRAIG & ROSE PLC
5 August 1999



CRAIG & ROSE PLC

Recommended Offers ("the Offers") for Craig  &  Rose  plc
("Craig & Rose") by Alaster Cunningham

Alaster  Cunningham announces that, as at  3.00  p.m.  on
Wednesday, 4th August 1999 (the first closing date of the
Offers)   he  had  received  the  following   levels   of
acceptances  (valid in all respects) of the  Offers  from
ordinary and preference stockholders in Craig & Rose:-

27,827  Craig  & Rose ordinary stock units,  representing
4.64% of Craig & Rose's issued ordinary capital; and

49,575  Craig & Rose preference stock units, representing
49.52% of Craig & Rose's issued preference capital.

The above acceptances in respect of ordinary stock units,
together  with  their holdings before  the  Offers,  give
Alaster Cunningham and the parties acting in concert with
him  an  aggregate  total  of  348,492  (58.08%)  of  the
ordinary stock units.

The   Offers   being  wholly  unconditional,   the   cash
consideration  due  in respect of the  above  acceptances
will be posted out within 14 days of 4th August 1999.

As  stockholders will be aware, Mr. Andrew  Perloff  made
market  purchases and announced that he  was  considering
making  an  offer at #1.80 for the ordinary stock  units.
Mr.  Perloff  has now confirmed that he is not  going  to
make such an offer.

Alaster  Cunningham  announces that the  Offers  will  be
closed in 21 days  time (on 26th August 1999).

If,  after  the  Offers are closed, Alaster  Cunningham's
holdings continue at the present level, he is unlikely to
be  able  to acquire further ordinary stock units without
making  a  further Rule 9 bid; for reasons of  cost  this
would  be  highly  unattractive  to  Alaster  Cunningham.
Stockholders  who wish to realise their stock  units  are
accordingly urged to accept the Offers now.

Notes:-

1.   As   at  14th  July  1999,  Alaster  Cunningham  had
     received irrevocable undertakings not to accept  the
     ordinary  offer from persons acting in concert  with
     him  in  respect  of  138,993 ordinary  stock  units
     (representing  approximately  23.2%  of  the  issued
     ordinary   capital).   No  acceptances   have   been
     received in respect of these stock units.
     
2.   Alaster   Cunningham  was  interested   in   181,672
     ordinary  stock  units  (representing  approximately
     30.3%  of  Craig  & Rose's issued ordinary  capital)
     immediately prior to the announcement of the Offers,
     and  the parties deemed to be acting in concert with
     him were interested in aggregate in 138,993 ordinary
     stock  units  and 11,520 preference stock  units  at
     that  time,  representing  approximately  23.2%  and
     11.5%  of  Craig  & Rose's ordinary  and  preference
     capital respectively.  Save as set out above neither
     Alaster  Cunningham  nor  his  close  relatives   or
     related trusts nor any person deemed to be acting in
     concert with Alaster Cunningham for the purposes  of
     the   Offers   either  owned,  controlled   or   was
     interested,  directly or indirectly in any  ordinary
     or  preference stock units in Craig & Rose prior  to
     the commencement of the offer period.
     
3.   Save  by  acceptances of the Offers, neither Alaster
     Cunningham nor his close relatives or related trusts
     nor  any person deemed to be acting in concert  with
     Alaster  Cunningham for the purposes of  the  Offers
     have  bought  or  otherwise acquired  or  agreed  to
     acquire any such ordinary or preference stock  units
     during the offer period.
     
4.   No  acceptances  of  the ordinary  offer  have  been
     received  from  any person deemed to  be  acting  in
     concert  with  the Company for the purposes  of  the
     Offers;   John  W. Wightman, Colin M.  Mitchell-Rose
     and Douglas Mitchell, who are deemed to be acting in
     concert  with  Alaster Cunningham have accepted  the
     preference offer in respect of nil, 2,950 and  2,550
     preference  stock  units  respectively  which   they
     beneficially own, and in respect of 6,020 preference
     stock  units held by them as trustees.  These amount
     to  11,520  preference  stock  units  in  aggregate,
     representing  approximately 11.5% of  the  total  in
     issue.
     
Dickson Minto WS, of 11 Walker Street, Edinburgh EH3  7NE
has  approved  this letter as an investment advertisement
solely  for  the purposes of section 57 of the  Financial
Services Act 1986.

Alaster Cunningham                 0131 657 1616

David Mitchell
Dickson Minto                      07050 370277

Chris Hutton
Craig & Rose plc                   0131 561 1906

Frank Malcolm
Bell Lawrie Wise Speke             0131 225 2566



END

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