RNS Number:6322Q
Cedar PLC
29 January 2002

                                    CEDAR PLC

                                  OFFER UPDATE


Further to the announcements of 7 and 18 January, the Independent Directors of
Cedar are concerned that unless shareholders complete and return their Forms of
Acceptance as a matter of urgency, such that the Offer becomes or is declared
unconditional on 4 February 2002 at 3.00pm (the next closing date of the Offer),
the Company may have insufficient cash to satisfy its debts as they fall due.


Consequently the Directors would instigate formal insolvency proceedings.  Cedar
is in immediate need of the additional facilities that will be made available by
Redac and the Bank if the Offer becomes or is declared unconditional.


Shareholders, who have not yet done so, are therefore urged to complete and
return their Forms of Acceptance as a matter of urgency.



Enquiries:



Cedar
John Stanley                      01932 584 000
Mike Hosie                         01932 584 000



Durlacher
Nick Martin                         020 7459 3600



Financial Dynamics
Ben Atwell                          020 7831 3113



                      This information is provided by RNS
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