CMG Croma Grp

RNS Number:6949J
Admiral PLC
27 April 2000


Not  for  release, publication or distribution in or into the  United  States,
Canada, Australia or Japan

                                CMG plc ("CMG")
                                       
                       Offer for Admiral plc ("Admiral")


CMG  announces  that the Offer Document and Listing Particulars in  connection
with  its Offer for Admiral, which was announced on 3 April 2000, were  posted
to  Admiral Shareholders yesterday.  A circular regarding the Offer  was  also
sent  yesterday to CMG Shareholders. The date of the CMG Extraordinary General
Meeting is 17 May 2000.

Admiral Shareholders wishing to accept the Offer should complete and return
the Form of Acceptance in accordance with the instructions in the Offer
Document and the Form of Acceptance so as to be received as soon as possible
and, in any event, by no later than 3.00 p.m. on 17 May 2000.

Terms defined in the Offer Document have the same meaning in this
announcement.

This press announcement does not constitute an offer or invitation to purchase
any securities or a solicitation of an offer to buy any securities, pursuant
to the Offer or otherwise.

The availability of the Offer to Admiral Shareholders who are not resident in
the United Kingdom may be affected by the laws of the relevant jurisdictions.
Admiral Shareholders who are not resident in the United Kingdom should seek
information about and observe any applicable requirements.

The Offer is not being made and will not be made, directly or indirectly, in
or into, or by use of the mails or any other means or instrumentality
(including, without limitation, facsimile transmission, telex, telephone, e-
mail or Internet) of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States, Canada, Australia or Japan
and the Offer will not be capable of acceptance by any such use, means,
instrumentality or facilities or from within the United States, Canada,
Australia or Japan provided that the terms and conditions of the Offer may, if
CMG, in its absolute discretion, so determines, provide otherwise having
regard to the availability of any exemption from any registration, filing,
qualification or other applicable requirements in relation to the Offer in any
such jurisdiction.  Accordingly, copies of this announcement are not being,
and must not be, mailed or otherwise distributed or sent in or into or from
the United States, Canada, Australia or Japan.

Neither the New CMG Shares nor the Loan Notes to be issued pursuant to the
Offer have been, nor will they be, registered under the US Securities Act of
1933 or under the securities laws of any state or other jurisdiction of the
United States, nor have relevant clearances been, nor will they be, obtained
from any securities commission or similar authority of any province or
territory of Canada and no prospectus has been nor will be filed or
registration made under the securities laws of any province or territory of
Canada, nor has a prospectus in relation to the New CMG Shares or the Loan
Notes been lodged, nor will one be lodged, with or registered by the
Securities Commission, nor have any steps been taken, nor will any steps be
taken, to enable the New CMG Shares or the Loan Notes to be offered in
compliance with applicable securities laws of Japan. Accordingly, unless an
exemption under such Act or securities laws is available, neither the New CMG
Shares nor the Loan Notes may be offered, sold, re-sold or delivered, directly
or indirectly, in, or into or from the United States, Canada, Australia or
Japan. Any persons (including, without limitation, nominees, trustees or
custodians) who are overseas persons or who would, or otherwise intend to,
forward this announcement to any jurisdiction outside the United Kingdom or to
overseas persons should seek appropriate advice before taking any action.

ABN AMRO Corporate Finance Limited ("ABN AMRO"), which is regulated in the
United Kingdom by The Securities and Futures Authority Limited, is acting for
CMG and no one else in connection with the Offer and will not be responsible
to anyone other than CMG for providing the protections afforded to customers
of ABN AMRO or for providing advice in relation to the Offer.

Robert Fleming & Co. Limited ("Flemings"), which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, is acting for Admiral
and no one else in connection with the Offer and will not be responsible to
anyone other than Admiral for providing the protections afforded to customers
of Flemings or for providing advice in relation to the Offer.

END

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