CRGR Corin Group Rfd

RNS No 6330n
CRAIG & ROSE PLC
6 August 1999


CRAIG & ROSE PLC

The  following  is the text of a communication that  has  been
sent to stockholders.


         (1) Letter from the Chairman of Craig & Rose


Directors:


John W Wightman (Chairman)                      5 August 1999
Alaster Cunningham
Colin M Mitchell-Rose
Jeremy J U Hayward



To the Ordinary and Preference Stockholders

Dear Stockholder

Since my last letter to you Mr Perloff has visited the company
and  been given all the information he requested.  As a result
I  am  given to understand that Mr Perloff does not intend  to
make  a general bid for the stock of your company and in light
of  this  my advice in the previous letter to take no  further
action is withdrawn.

I am advised that acceptances have been received by Mr Alaster
Cunningham in respect of 4.64% of ordinary stock and 49.53% of
preference stock.  The aggregate holdings of Mr Cunningham and
those  acting  in  concert with him  are  now  58.08%  of  the
ordinary stock units.

Mr  Cunningham  has intimated to the Board and Stock  Exchange
that he is closing his Offers of #1.35 per unit ordinary stock
and #1.00 per unit of preference stock on 26 August 1999.

He  has  indicated that if, after the Offers are  closed,  his
holdings  continue  at  the  present  level,  he  is   legally
prohibited from acquiring further ordinary stock units without
making  a further formal bid with all the attendant regulatory
costs.   This would be unattractive to him and he is therefore
asking  any  stockholders who may wish to realise their  stock
units to accept the Offers now.

In  the absence of any offer from Mr Perloff, Bell Lawrie Wise
Speke has written to the Board re-affirming its recommendation
of 14 July 1999.  A copy of this letter is enclosed.

Yours faithfully




John W Wightman
Chairman


                  (2) Additional Information


1. Bell  Lawrie Wise Speke has given and not withdrawn  its
   written  consent  to  the issue of this  document  with  the
   inclusion herein of its recommendation and the references to
   its name in the form and context in which they appear.

2. A  copy  of  Bell Lawrie Wise Speke's letter of  consent
   referred  to  in (i) above will be available for  inspection
   during  normal business hours on any weekday (Saturdays  and
   public holidays excepted) at the offices of Dickson Minto WS,
   at  11  Walker street, Edinburgh EH3 7NE and at Royal London
   House, 22/25 Finsbury Square, London EC1A 1DS throughout the
   period during which the Offers remain open for acceptance.

3. Other than:-

   *  as  specified  in  this  letter  in  relation  to  (i)  Mr
      Cunningham's intention to close the Offers on  26  August
      1999  and  (ii) the holdings of Mr Cunningham  and  those
      acting in concert with him; and

   *  in  respect of the price of the Company's ordinary  stock,
      the  middle  market  price  of which  (derived  from  the
      Official List of the London Stock Exchange as at close of
      business  on  5  August) was 150p and the "SEATS"  middle
      market  price (derived from a quotation for  the  highest
      buying price of 112p and the lowest selling price of 185p
      at  close  of  business on 5 August 1999)  of  which  was
      148.5p.

there  have  been  no  material  changes  in  the  information
published in the Offer Document.


            (3) Letter from Bell Lawrie Wise Speke


The  Board  of Directors                       5  August 1999
Craig & Rose plc
172 Leith Walk
Edinburgh EH6 5EB



Dear Sirs

Cash  Offers for Craig & Rose Stock by Alaster Cunningham (the
"Offers")

On  23  July  1999,  the Chairman of Craig  &  Rose  wrote  to
stockholders  informing them of the approach  from  Mr  Andrew
Perloff  and  advising that they took no action meantime  with
regard to the above Offers.

Mr  Perloff has now announced that he will not proceed with an
Offer  to  stockholders  and  the  Chairman's  advice  is  now
withdrawn.

This  is  to  confirm to you that, in these circumstances,  we
remain of the view that the Offers from Alaster Cunningham are
fair  and  reasonable  and that holders of  the  ordinary  and
preference  stock to which the Offers relate, should,  in  the
absence  of  higher Offers, accept the Offers.   In  providing
this  advice,  we have continued to take into  account,  inter
alia, the factors set out in the document sent to stockholders
on  14  July 1999 and the continuing commercial assessment  of
the Board of Craig & Rose.

In giving advice, Bell Lawrie Wise Speke is advising the Board
of  Craig  & Rose in relation to the Offers and is not  acting
for  any of the members of the Board of Craig & Rose in  their
personal  capacities nor for any Craig & Rose stockholders  in
relation  to the Offers.  Bell Lawrie Wise Speke will  not  be
responsible  to  any such person for providing the  protection
afforded  to  its  clients  or advising  any  such  person  in
relation to the Offers.  In particular, Bell Lawrie Wise Speke
will  not owe any duties or responsibilities to any particular
Craig & Rose stockholder concerning the Offers.

Accordingly,  when  considering  what  action  Craig  &   Rose
stockholders  should  take, they are strongly  recommended  to
seek  their  own personal financial advice from an independent
financial adviser authorised under the Financial Services  Act
1986.

Yours faithfully
for and behalf of Bell Lawrie Wise Speke
(a division of Brewin Dolphin Securities Limited)

F.K. Malcolm
Director


END


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