CMG Croma Grp

RNS Number:5150F
CMG PLC
23 December 2002

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA
OR JAPAN

                                                                23 December 2002

                              CMG PLC AND LOGICA PLC

          SCHEME OF ARRANGEMENT IN RELATION TO THE PROPOSED MERGER OF 
                            CMG PLC WITH LOGICA PLC


CMG plc and Logica plc are pleased to announce that at a hearing today, the High
Court sanctioned, without modification, the Scheme of Arrangement between CMG
and its shareholders pursuant to which the merger with Logica is to be
implemented.

As previously announced, CMG and Logica expect to implement the Scheme and
complete the Merger on 30 December 2002.  The last day of dealings in CMG Shares
is expected to be 27 December 2002.  Upon completion of the Merger, CMG will
become a wholly-owned subsidiary of Logica and Logica will change its name to
LogicaCMG.

Dealings in LogicaCMG Shares are expected to commence on the London Stock
Exchange under the name of LogicaCMG plc and the symbol "LOG" at 8:00 a.m. on 30
December 2002.  Dealings in LogicaCMG Shares are also expected to commence on
Euronext Amsterdam under the symbol "LOG" at 9:00 a.m. CET on 30 December 2002.
Logica Shareholders will continue to hold their existing Logica Shares which
will also trade under the name LogicaCMG.

The CREST accounts of holders of CMG Shares in uncertificated form are expected
to be credited with new LogicaCMG Shares on 30 December 2002.  Share
certificates for LogicaCMG Shares will be despatched to holders of CMG Shares in
certificated form no later than 13 January 2003.

The settlement procedure in respect of entitlements to interests in CMG Shares
registered in the name of Necigef, now trading as Euroclear Netherlands, (to
whom the LogicaCMG Shares will be delivered according to the terms and
conditions set forth in the Scheme) will be based on the normal practice used by
the Admitted Institutions of Euronext Amsterdam.

Fractional entitlements to LogicaCMG Shares will not be issued to CMG
Shareholders but will be aggregated and sold in the market and the relevant
share of the proceeds returned by cheque to the relevant CMG Shareholders by no
later than 13 January 2003.

Terms used in this announcement shall have the same meaning as in the Listing
Particulars dated 11 November 2002 which have been despatched to Logica
Shareholders and CMG Shareholders.


Enquiries:


Logica                                          CMG


Will Cameron    Tel: 020 7446 1786              Tony Richards        Tel: 020 7592 4442
Richard Porter  Tel: 020 7446 4616              Heleen Kamerman      Tel: +31 20 6720 444


The Maitland Consultancy  Tel: 020 7379 5151    Citigate Dewe Rogerson  Tel: 020 7638 9571
Colin Browne                                    Toby Mountford
Angus Maitland                                  Sebastian Hoyle

                                                Citigate First Financial   Tel: +31 20 5754 010
                                                Marise Blom
                                                Frits Hendrikx



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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