RNS Number:9961P
Monsoon PLC
19 September 2003






                                  Monsoon plc

              Directors Dealings in relation to Stoneycroft Offer


On 2 July 2003 Stoneycroft Limited made an Offer to sell put options over
35,599,540 issued shares of Monsoon plc at an exercise price of 140p ("the
Stoneycroft Offer").


Monsoon plc received notification on 23 July 2003 from John Spooner that on 23
July 2003 he acquired put options in respect of 1,800,000 ordinary shares of 10
pence each in the capital of Monsoon plc (such shares representing 1.01 % of
Monsoon plc's issued share capital and 99.72 % of his total beneficial holding
of 1,805,000 Ordinary shares of 10p each in Monsoon plc). The put options have
been acquired under the terms set out in the Stoneycroft Offer. The price Mr
Spooner could elect to receive under the put options is 140 pence per ordinary
share (provided that if a dividend is declared by Monsoon plc during the period
from 23 July 2003 until 3 October 2003 then this price shall be reduced by the
amount of such dividend in relation to any share sold pursuant to the put
options after the record date stated for such dividend).


In making his decision to acquire the options, John Spooner acted on the advice
provided by Allen & Overy in relation to whether this was a permissible
transaction.


It has subsequently come to light that there may have been a technical breach in
relation to s 323 (1) (b) of the Companies Act. The company has notified the
UKLA of this situation.


John Spooner has not exercised the put options acquired on 23 July 2003. On 18
September 2003, John Spooner notified the company that he had sold 1.1 million
shares in the market at a price of #1.36 per share. On 19 September 2003 John
Spooner notified the company that he had sold a further 700,000 shares at a
price of #1.36 per share. These sales together represented 99.72% of his total
beneficial holding. As at close of business on 19 September 2003, John Spooner
remains beneficially interested in 5,000 Monsoon shares.


John Spooner is reserving all his rights in regard to possible action against
Allen & Overy for the advice given in relation to this matter.


Enquiries:


Gavin Anderson & Company                    0207 554 1400
Laura Hickman
Charlotte Stone






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

END
RDSNKCKQOBKDPCD