HPS Hercules Props.

RNS No 6426b
DAVID GLASS ASSOCIATES PLC
13th August 1997

HERCULES PROPERTY SERVICES PLC
RECOMMENDED OFFER FOR DAVID GLASS ASSOCIATES PLC
ACCEPTANCE LEVEL 

Hercules Property Services Plc ("Hercules") announces that, on
12 August 1997, the first closing date of the Offer by Hercules
for David Glass Associates plc ("David Glass"), valid acceptances
of the Offer had been received in respect of a total of 3,276,139
David Glass Shares, representing approximately 60.49 per cent.
of David Glass's issued share capital.  Elections for the Cash
Alternative comprise 1,328,025 of the shares in respect of which
valid acceptances have been received to date. 
 
Prior to the offer period which commenced on 9 July 1997 (the
"Offer Period"), Hercules held 335,000 David Glass Shares
(representing approximately 6.18 per cent. of the issued share
capital of David Glass).  Hercules has not, other than pursuant
to the Offer, acquired or agreed to acquire any further David
Glass Shares during the Offer Period. 
 
Prior to the announcement of the Offer on 22 July 1997, Hercules
had received undertakings to accept the Offer from Eaglet
Investment Trust plc in respect of 1,076,000 David Glass shares
(representing approximately 19.86 per cent. of the issued share
capital of David Glass), and from David Glass, Mr D A Boothman
and Mrs B M Boothman in respect of an aggregate of 180,000 David
Glass Shares (representing approximately 3.1 per cent. of the
issued share capital of David Glass).  Valid acceptances have
been received in respect of all of the shares subject to these
undertakings and are included in the above total.
 
In addition, Safeland plc ("Safeland"), which is deemed to be
acting in concert with Hercules for the purposes of the Code,
has, subject to the approval of its shareholders, undertaken to
accept the Offer in respect of its holding of 1,217,833 David
Glass Shares, representing 22.48 per cent. of the issued share
capital of David Glass. An Extraordinary General Meeting of
Safeland plc has been convened for today, 13 August 1997, at
which this shareholder approval will be sought. A further
announcement concerning the level of acceptance of the Offer will
be released following this Extraordinary General Meeting of
Safeland.
 
An Extraordinary General Meeting of Hercules has been convened
for 14th August 1997, at which, inter alia, approval of Hercules'
Shareholders will be sought for the acquisition of David Glass
and the implementation of the Offer. 
 
The Offer and the Cash Alternative which remain conditional,
inter alia, on Hercules shareholder approval and as to
acceptances, remain open and will remain open for a further 14
days for acceptances following any announcement that the Offer
has become unconditional as to acceptances.
 
Upon the Offer being declared unconditional in all respects,
appropriate proposals will be made to participants in the David
Glass Share Option Scheme in respect of options which remain
unexercised.
 
Terms defined in the Offer document, dated 22 July, 1997, have
the same meaning in this press release unless the context
otherwise requires.
 
Guinness Mahon & Co. Limited, which is regulated by The
Securities and Futures Authority Limited, is acting for Hercules
and no-one else in connection with the Offer and will not be
responsible to anyone other than Hercules for providing the
protections afforded to its customers or for giving advice in
relation to the Offer.
 
Enquiries:
 
Paul Davis
Hercules                                       0181 203 9099
 
Jagjit Mundi
Guinness Mahon & Co.  Limited                  0171 623 9333
 
Oliver Hemsley
Raphael Zorn Hemsley                           0171 776 1500
 
Baron Phillips
BP Associates                                  0171 224 1302
 
END

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