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RNS Number:6226Q
Redac Limited
29 January 2002


29 January 2002


REDAC LIMITED

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

RECOMMENDED CASH OFFER FOR CEDAR PLC

LEVEL OF ACCEPTANCES, OFFER EXTENDED

By 3.00 p.m. London time on 28 January 2002, Redac had received valid
acceptances of the Offer from the holders of 36,706,650 Cedar Shares
(representing approximately 47.78 per cent. of the existing issued share capital
of Cedar).

The Offer has been extended and the next closing date for the Offer will be 3.00
p.m. on 4 February 2002.

Prior to the announcement of the Offer, Redac had received undertakings to
accept the Offer in respect of 156,753 Cedar Shares (representing approximately
0.2 per cent. of the existing issued share capital of Cedar), and acceptances of
the Offer have been received in respect of all such Cedar Shares and have been
included in the total level of acceptances referred to above

Prior to the commencement of the Offer Period on 28 December 2001, neither Redac
nor any person acting or deemed to be acting in concert with it owned any Cedar
Shares (or rights over such shares) nor since that date (other than as disclosed
above) has Redac or any person acting in concert with it acquired or agreed to
acquire any Cedar Shares (or rights over such shares).

Cedar Shareholders who wish to accept the Offer, and who have not yet done so,
should return their Form of Acceptance as soon as possible.  Additional Forms of
Acceptance are available from Lloyds TSB Registrars, Antholin House, 71 Queen
Street, London EC4N 1SL (telephone: 0870 607 0636).

In this announcement 'Offer Document' means the document dated 7 January 2002,
relating to the Offer.  Definitions used in the Offer Document have the same
meanings when used in this announcement, unless the context requires otherwise.

Enquiries:

For further information, please contact:

Redac
Martin Bolland                   020 7240 9596

KPMG Corporate Finance
Paul Elliot                      020 7311 1000

The Offer is not being made, directly or indirectly, in or into the United
States, or by the use of the United States mails, or by any means or
instrumentality (including without limitation telephonically or electronically)
of the United States interstate or foreign commerce, or any facility of a United
States national securities exchange, nor is it being made in, or into Canada,
Australia, South Africa, the Republic of Ireland or Japan. Accordingly, copies
of the announcement are not being and must not be mailed forwarded, sent,
transmitted or otherwise distributed in, into or from the United States, Canada,
Australia, South Africa, the Republic of Ireland or Japan and persons receiving
this announcement (including without limitation custodians, nominees and
trustees) must not distribute forward, mail, transmit or send it in, into or
from the United States, Canada, Australia, South Africa, the Republic of Ireland
or Japan as doing so may make invalid any purported acceptance of the Offer in
any such jurisdiction.

This announcement, which is the sole responsibility of Redac, has been approved
by KPMG Corporate Finance solely for the purposes of Section 21 of the Financial
Services and Markets Act 2000.

KPMG Corporate Finance is acting for RHL and Redac as financial adviser in
relation to the Offer and is not acting for any other person in relation to such
Offer.  KPMG Corporate Finance will not be responsible to anyone other than RHL
and Redac for providing the protections afforded to its clients or for providing
advice in relation to the contents of this document or any Offer or arrangement
referred to herein.




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