RNS No 6495m
DAVID GLASS ASSOCIATES PLC
9th September 1997

  
         HERCULES PROPERTY SERVICES PLC ("HERCULES")
       RECOMMENDED OFFER FOR DAVID GLASS ASSOCIATES PLC
                       ("DAVID GLASS")
                 UNCONDITIONAL IN ALL RESPECTS

  Hercules is pleased to announce that, in relation to its
  offer to acquire the entire issued share capital of David
  Glass that it did not already own prior to 22 July 1997
  ("the Offer"), at 3.00 pm on 8 September 1997, valid
  acceptances of the Offer had been received in respect of a
  total of 4,842,652 David Glass Shares, representing
  approximately 89.41 per cent of David Glass's issued share
  capital.  David Glass Shareholders holding a total of
  3,334,207 David Glass Shares have accepted the offer to
  receive new Hercules Shares, and holders of 1,508,445 David
  Glass Shares have elected to receive the Cash Alternative.
  
  The Offer has been declared unconditional in all respects
  and will remain open for acceptances until further notice. 
  
  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 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.  Valid
  acceptances have also now been received in respect of all
  the shares subject to this undertaking and are included in
  the above total.
  
  
  Hercules now owns or has received acceptances in respect of
  more than nine-tenths of the David Glass Shares to which the
  Offer relates and therefore intends to implement the
  procedure under Section 429 of the Companies Act 1985 to
  acquire compulsorily all of the outstanding David Glass
  Shares.  A letter, together with a statutory notice pursuant
  to Section 429, will be posted shortly to David Glass
  Shareholders who have not accepted the Offer. Terms defined
  in the listing particulars and offer document, both dated 22
  July 1997, have the same meaning in this press release
  unless the context otherwise requires.
  
  It is expected that admission of 3,076,089 new Hercules
  Shares to trading on AIM (issued pursuant to acceptances of
  the Offer up to 3.00 pm on 3 September 1997 and pursuant to
  the associated placing and open offer) will become effective
  at 8.30 am today, 9 September 1997.  Further new Hercules
  Shares issued pursuant to acceptances processed from time to
  time by the receiving agent (including those issued in
  respect of acceptances since 3 September 1997) will be
  admitted to trading on AIM as soon as practicable
  thereafter.
  
  It is expected that cheques will be posted to those David
  Glass shareholders who have elected for the cash
  alternative, and share certificates will be posted to those
  David Glass shareholders who have accepted the share for
  share offer as at 16th September 1997 by no later than 23rd
  September 1997.  Thereafter, share certificates will be
  posted to shareholders accepting the offer after 16
  September 1997 on a weekly basis.
  
  
  
  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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