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RNS Number:8606Q
Redac Limited
1 February 2002


1 February 2002


REDAC LIMITED

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

RECOMMENDED CASH OFFER FOR CEDAR PLC

OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS

By 10.30 a.m. London time on 1 February 2002, Redac had received valid
acceptances of the Offer from the holders of 38,518,296 Cedar Shares
(representing approximately 50.14 per cent. of the existing issued share capital
of Cedar).

Since the announcement of the Offer, Redac has acquired 1,402,000 Cedar Shares
(representing approximately 1.83 per cent. of the existing issued share capital
of Cedar).  These Cedar Shares are not included in the total level of
acceptances referred to above.

Lloyds TSB Registrars, who are acting as receiving agents to the Offer, have
confirmed that at 10.30 a.m. on 1 February 2002 the purchase of 532,000 of the
Cedar Shares referred to above, representing approximately 0.69 per cent. of the
issued share capital of Cedar, satisfied the requirements of notes 5 and 6 to
Rule 10 of the City Code.

In aggregate therefore, Redac has received valid acceptances in respect of or
has acquired a total of 39,050,296 Cedar Shares (representing approximately
50.84 per cent. of the existing issued share capital of Cedar).

The Board of Redac hereby declares the Offer wholly unconditional.

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).

The Offer will remain open for acceptance until further notice.  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).

The attention of Cedar Shareholders is drawn to the fact that Redac intends to
procure that Cedar applies to the UK Listing Authority and the London Stock
Exchange for cancellation respectively of the listing of Cedar Shares on the
Official List and trading in Cedar Shares on the London Stock Exchange's market
for listed securities.  The 20 business day notice period to such cancellation
has now commenced and the anticipated date of such cancellation is 4 March 2002.

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.

The contents of this announcement have been approved solely for the purposes of
Section 21 of the Financial Services and Markets Act 2000 by KPMG Corporate
Finance.  KPMG Corporate Finance is a division of KPMG.  The address of KPMG
Corporate Finance is 8 Salisbury Square, London, EC4Y 8BB.

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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