RNS No 6172q CLEVELAND TRUST PLC 4 May 1999  Not for release, publication or
distribution in or into the United States of America, Canada, Australia, Japan
or the Republic of Ireland. 
                    Recommended Cash Offer
                              By
                        Cazenove & Co.
                         on behalf of
                     Ashtenne Holdings PLC
                              for
                    The Cleveland Trust Plc 
                         RESULT OF EGM  The Board of Ashtenne Holdings PLC
("Ashtenne") announces that, at the Extraordinary General Meeting held earlier
today (4 May 1999), all the resolutions to approve the offer on behalf of
Ashtenne for The Cleveland Trust Plc ("Cleveland") and the exercise by Ashtenne
of its option over 28.4 per cent of the share capital of Cleveland (the
"Option") were duly passed. The first closing date of the offer for Cleveland is
3.00pm on 5 May 1999. The Board of Ashtenne announces that it intends to
exercise the Option and complete the acquisition of the 28.4 per cent stake in
Cleveland as soon as practicable.  ENQUIRIES: Ashtenne Holdings PLC      Morgan
Jones/Ian  Watson    0171 930 9425 Cazenove & Co.             Richard  Cotton   
         0171 588 2828 Tavistock Communications   Jeremy Carey/Vikki Hennen  
0171 600 2288  Cazenove & Co., who are regulated in the UK by the Securities and
Futures Authority Limited, is acting exclusively for Ashtenne Holdings PLC and
no-one else in connection with the Offer and will not be responsible to anyone
other than Ashtenne Holdings PLC for providing the protections afforded to
customers of Cazenove & Co. nor for providing advice in relation to the Offer. 
END REGBBGBUDDGCCCS 

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