RNS Number:8283P
Skye Leisure Ventures PLC
16 September 2003

For immediate release
16 September 2003

Not for release, publication or distribution in or into the United States of
America, Canada, Australia or Japan

                             Recommended Cash Offer

                                       by

                             PricewaterhouseCoopers

                                  on behalf of

                           Skye Leisure Ventures plc

                                      for

                              Macdonald Hotels plc

               Commencement of compulsory acquisition procedures

Skye, having received valid acceptances of the Offer in respect of over 90 per
cent. of the Macdonald Hotels Shares to which the Offer relates, has today
commenced the procedure for the compulsory acquisition of the remaining
Macdonald Hotels Shares under the provisions of Sections 428 to 430F of the Act.

The Offer has been extended and will remain open for acceptance until further
notice.  The Loan Note Alternative will close at 3.00 p.m. on 17 September 2003.
Macdonald Hotels Shareholders who have not yet accepted the Offer and who wish
to do so are strongly encouraged to complete and return the Form of Acceptance
(whether or not their Macdonald Hotels Shares are held in CREST) as soon as
possible to Capita IRG Plc at Corporate Actions, PO Box 166, The Registry, 34
Beckenham Road, Beckenham, Kent BR3 4TH.

Definitions used in the Offer Document dated 1 August 2003 have the same meaning
in this announcement, unless the context requires otherwise.

PricewaterhouseCoopers, which is authorised and regulated in the United Kingdom
by the Financial Services Authority for designated investment business, is
acting exclusively for Skye and for no one else in relation to the Offer and
will not be responsible to anyone other than Skye for providing the protections
afforded to clients of PricewaterhouseCoopers or for giving advice in relation
to the Offer or any other matter referred to in this announcement.

The Offer is not being made, and will not be made, directly or indirectly, in or
into, or by the use of the mails or by any means or instrumentality (including,
without limitation, by means of telephone, facsimile, telex, internet or other
forms of electronic communication) of interstate or foreign commerce or by any
facilities of a national securities exchange of, the United States of America,
Canada, Australia or Japan and the Offer will not be capable of acceptance by
any such use, means, instrumentality or facility or from within those
jurisdictions. Accordingly, copies of this announcement are not being, and must
not be, mailed, transmitted or otherwise forwarded, distributed or sent, in
whole or in part, in, into or from the United States of America, Canada,
Australia or Japan.  Custodians, nominees and trustees should observe these
restrictions and should not send or distribute this announcement in, into or
from the United States of America, Canada, Australia or Japan.

The Bank Guaranteed Loan Notes to be issued pursuant to the Loan Note
Alternative have not been, and will not be, registered under the Securities Act
or under any relevant securities laws of any states or other jurisdiction of the
United States of America, nor have the relevant clearances been, nor will they
be, obtained from the securities commission or similar authority of any province
or territory of Canada, and no prospectus has been or will be filed, or
registration made, under any securities law of any province or territory of
Canada, nor has a prospectus in relation to the Bank Guaranteed Loan Notes been,
nor will one be, lodged with or registered by the Australian Securities and
Investments Commission nor have any steps been taken, nor will any steps be
taken, to enable the Bank Guaranteed Loan Notes to be offered in compliance with
applicable securities laws of Japan.  Accordingly, unless an exception under
such Act or securities laws is available, Bank Guaranteed Loan Notes may not be
offered, sold, resold, delivered or transferred directly or indirectly, in, into
or from the United States of America, Canada, Australia or Japan, or any other
jurisdiction in which an offer of Bank Guaranteed Loan Notes would constitute a
violation of relevant laws or require registration thereof, or to or for the
account or benefit of any US Person or resident of Canada, Australia or Japan.




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