RNS Number:9138O
Hot Group PLC
21 August 2003


For immediate release

21 August 2003

                                  hot group plc
                         ("hot group" or the "Company")


                               Result of Open Offer


On 28 July 2003 the Company announced a placing and open offer of 85,000,000 new
ordinary shares of 10p each in the Company ("New Ordinary Shares") at a price of
12p per share to raise approximately #10.2 million before expenses. Of the New
Ordinary Shares, 67,935,594 were placed firm and 17,064,406 were conditionally
placed subject to clawback to satisfy valid applications by Qualifying
Shareholders under the Open Offer.


The Open Offer closed at 3.00 p.m. on 20 August 2003. Valid applications were
received in respect of 8,741,379 New Ordinary Shares representing 51.2 per cent.
of the New Ordinary Shares the subject of the Open Offer. The balance of the New
Ordinary Shares will be taken up under the terms of the Placing.


Application has been made to the London Stock Exchange for admission of the VCT/
EIS Shares and a further application has been made for the re-admission of the
48,316,105 existing ordinary shares and the admission of the 85,000,000 New
Ordinary Shares to trading on AIM. Subject to the passing of the Resolutions to
be proposed at the EGM, it is expected that First Admission will become
effective on 26 August 2003. It is expected that Second Admission will become
effective and that dealings in the New Ordinary Shares will commence on 27
August 2003.


Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the circular to shareholders of the
Company dated 28 July 2003.


Enquiries:


hot group plc
Tony Reeves
Chairman and Chief Executive Officer                         Tel:(0870) 202 0121

Steve Wright
Finance Director                                            Tel: (0870) 202 0121


Strand Partners Limited
Rory Murphy
Director                                                    Tel: (020) 7409 3494


Numis Securities Limited
Charles Crick
Managing Director                                           Tel: (020) 7776 1500



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