HPS Hercules Props.

RNS No 8959d
DAVID GLASS ASSOCIATES PLC 
19th August 1997

  
                HERCULES PROPERTY SERVICES PLC
      RECOMMENDED OFFER FOR DAVID GLASS ASSOCIATES PLC 
      ACCEPTANCE LEVEL: UNCONDITIONAL AS TO ACCEPTANCES
  
  It was announced by Hercules Property Services PLC
  ("Hercules" or the "Company") on 13 August 1997 that by the
  first closing time and date of the Offer by Hercules for
  David Glass Associates plc ("David Glass")of 3.00 pm on 12
  August 1997, valid acceptances of the Offer had been
  received in respect of 3,276,139 David Glass Shares,
  representing 60.49 per cent. of David Glass' issued share
  capital.
  
  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 had been received by the
  first closing date 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,undertook, subject to the approval of its shareholders,
  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. 
  
  At an extraordinary general meeting of Safeland on 13 August
  1997, shareholders approved a resolution irrevocably
  accepting the Offer in respect of these shares. 
  Subsequently, a valid acceptance has been received in
  respect of 1,142,833 of these shares.  In addition, since
  the first closing date further valid acceptances had been
  received in respect of 103,315 David Glass Shares as at
  10.00 am today, 19th August 1997.
  
  Accordingly, as at 10.00am today, valid acceptances of the
  Offer had been received in respect of a total of 4,522,287
  David Glass Shares, representing approximately 83.49 per
  cent. of David Glass' issued share capital. It is
  anticipated that valid acceptances will be received for the
  balance of the David Glass Shares in respect of which
  Safeland gave an undertaking in due course.
  
  The Offer has been declared unconditional as to acceptances
  and has been extended and will remain open for acceptance
  until further notice.  At least fourteen days' notice will
  be given before the Offer is closed.  The Cash Alternative
  will remain open for acceptance until 3.00pm on 3rd
  September 1997 and may be closed at that time or at any time
  thereafter without prior notice.
  
  
  ENQUIRIES:
  
  Larry Lipman / Paul Davis
  Hercules Property Services plc             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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