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RNS Number:8926A
Cedar Group PLC
16 November 1999


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR
IRELAND


Cedar Group Plc ("Cedar" or "the Company")

Results of 7 for 10 Rights Issue ("the Rights Issue")


The Board of Cedar announces that valid acceptances have
been received by 3.00 pm on 15 November 1999 in respect of
24,854,362 Rights Issue Shares representing approximately
97.9 per cent. of the new ordinary shares offered by way of
rights pursuant to the Rights Issue announced on 30
September 1999.

Teather & Greenwood have procured subscribers at 253p per
share for the 522,105 Rights Issue Shares in respect of
which valid acceptances have not been received.  In
accordance with the terms of the Rights Issue, the premium
of 143p per share over the issue price of 110p per Rights
Issue Share will (after deducting the expenses of procuring
such subscribers) be paid to the Qualifying Shareholders who
have not taken up their rights, pro rata to their lapsed
provisional allotments, save that individual amounts of less
than #3.00 will not be paid to such persons but will be
aggregated and retained for the benefit of the Company.

Enquiries:

Mike Harrison, Managing Director
Mike Hosie, Finance Director
Cedar Group Plc                                   01932 584 000

Russell Cook
Teather & Greenwood Limited                       0171 426 9000

Shane Dolan
Zoe Biddick
Biddick Associates                                0171 377 6677



END


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