RNS Number:6258Q
Deep-Sea Leisure PLC
20 March 2008



News Release

20 March 2008

                              Deep-Sea Leisure PLC

                    Proposed cancellation of trading on AIM

Deep-Sea Leisure PLC (the "Company"), the leisure company which runs two
aquariums in the UK, Blue Planet Aquarium in Chester and Deep Sea World in
Edinburgh, featuring marine life, announces the convening of a general meeting
("General Meeting") of shareholders of the Company ("Shareholders"), to be held
at 2 p.m. on 2 May 2008, with the purpose of proposing a resolution
("Resolution") for the cancellation of trading of the Company's shares on AIM
("De-listing").

Net Ein S.A. ("Net Ein") the Company's majority and controlling shareholder, has
proposed to the board of the Company ("Board") that it believes that it is in
the best interests of the Company to seek the De-listing and that the Company
should thereafter continue as an unquoted public company.  Under the AIM Rules,
a proposal to cancel the trading of the Company's shares ("Shares") on AIM is
conditional on the requisite notice being given to the London Stock Exchange plc
and on the consent being granted at the General Meeting of Shareholders holding
not less than 75 per cent of the votes cast on the Resolution.

Given that Net Ein currently owns approximately 98.35 per cent of the Company's
share capital, the Independent Directors (being Sue Elaiho and Michael Denny)
are aware that Net Ein has the ability formally to requisition the convening of
a general meeting for the purpose of proposing the De-listing and also to pass
the Resolution by the requisite majority.

As a result, the Independent Directors have concluded that to demand a formal
requisition from Net Ein would only serve to increase the Company's costs in a
situation where no advantage would be gained by the Company in so doing.
Shareholders should note that, as Net Ein has confirmed to the Board its
intention to vote in favour of the Resolution at the General Meeting, it is
anticipated that the trading of the Shares on AIM will be cancelled with effect
from 8.00 a.m. on 13 May 2008.

As at the close of business on 19 March 2008, the Company had 79 minority
Shareholders ("Minority Shareholders") holding, in aggregate, 316,462 Shares not
owned by Net Ein.  Both the Independent Directors and Net Ein continue to have
significant regard to the situation of the Minority Shareholders and recognise
that cancelling the trading of the Company's Shares on AIM will make it
considerably more difficult for Shareholders to sell or buy Shares should they
so wish.

Following consultation with the Panel on Takeovers and Mergers, Net Ein has
agreed to arrange for the establishment of a purchase facility with a view to
acquiring any or all of the 316,462 Shares it does not currently own from any
Minority Shareholders wishing to sell their Shares.  In order to treat all
Minority Shareholders equally, Net Ein is prepared to offer the same price of 70
pence per Share, for a limited period until the De-listing becomes effective.

Minority Shareholders will have a period, commencing on the date of this
announcement and ending on the last day of trading of the Company's Ordinary
Shares on AIM (anticipated to be Monday, 12 May 2008), to sell their Shares to
Net Ein.

The price at which Net Ein is prepared to acquire the Shares it does not
currently own has been determined following detailed discussion with the
Independent Directors, who in turn have sought advice from financial advisers,
Brewin Dolphin Investment Banking. The Independent Directors have been
particularly concerned that the intended De-listing is not used as a reason
simply to coerce Minority Shareholders to sell or for the Minority Shareholders
to be offered a price which undervalues the Company's business.

After 12 May 2008, there will be no public market for any Shares not purchased
by Net Ein as part of the above process.

Full details of the proposal and details of the Independent Directors'
recommendation, and reasons for their recommendation, are set out in a circular
to Shareholders being posted today.



For further information please contact:

Sue Elaiho, Finance Director
Deep-Sea Leisure PLC                                 0151 357 8804

Roland Cross, Director
Broadgate                                            020 7726 6111

Neil Baldwin
Brewin Dolphin Investment Banking (NOMAD)            0845 270 8610




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