RNS Number:4678S
Cedar Group PLC
13 October 2000



                       Cedar Group Plc (the "Company")                        
                       -------------------------------                        
                                                                              
                            Result of Rights Issue                            
                            ----------------------                            

The Board of Cedar Group Plc announces the result of the issue of 10,964,126
units of Redeemable Convertible Unsecured Loan Stock (the "Stock Units") by
Cedar Funding Plc (equivalent to a 1 for 6 rights issue of 10,964,126 New
Ordinary Shares in Cedar Group Plc), announced on 21 September 2000 in
connection with the acquisition of Enterprise Solutions Group ("ESG").

Valid acceptances have been received for 1,413,775 Stock Units, representing
approximately 12.9s per cent. of the total number of Stock Units to be issued.

No subscribers have been procured at the Subscription Price of 600 pence for
the Stock Units for which valid acceptances were not received. Accordingly,
there will be no net proceeds which fall to be distributed to Shareholders who
have not taken up their entitlements.

Sub-underwriters will be required to subscribe at the Subscription Price of
600 pence per share for those Stock Units for which valid acceptances were not
received. Sub-underwriters will be advised of the number of Stock Units for
which they are required to subscribe later today.

It is expected that, provided the Stock Units have been converted into New
Ordinary Shares in Cedar Group Plc, the acquisition of ESG will be completed
and the New Ordinary Shares will be admitted to the Official List on Friday 20
October 2000 and that definitive share certificates for such New Ordinary
Shares will be despatched by 27 October 2000.

For further information please contact:

CEDAR GROUP
Telephone: 01932 584 000
Mike Harrison, Managing Director
Mike Hosie, Group Finance Director
Matt O'Donnell, Investor Relations

MERRILL LYNCH INVESTMENT BANKING 
Telephone: 020 7628 1000
Richard Snow, Director

MERRILL LYNCH CORPORATE EQUITY ADVISORY 
Telephone: 020 7772 1000
Stephen Pull, Managing Director
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