RNS Number:7602M
Redbird Holding SA
25 June 2003

                                                        FORM SAR 3


                                       Date of disclosure..JUNE 25 2003
                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

                 
Date of acquisition..JUNE 24 2003

Acquisition in..AIRSPRUNG FURNITURE GROUP PLC  (name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    ..ORDINARY                100,000.........shares    .....................
                              ...N/A..........rights


(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting
    in issue)                 shares in issue)

    4,786,000..(20.03%)       ...............(    %)    .............(20.03%)


(3) Party making disclosure....REDBIRD HOLDING S.A. PANAMA  

(4)  (a)  Name of person acquiring shares or rights over shares SEE 3
          and, if different, beneficial owner............................... 

     (b)  Names of any other persons acting by   REDBIRD HOLDING S.A.
          agreement or understanding (see SAR 5).EWALD J SCHERRER  NICHOLAS DALE


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory).....EWALD J SCHERRER

Telephone and extension number.....++41 58 206 76 02 (CHRISTA BLICKENSTORFER)

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No: 020 7638 0129.





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