RNS Number:4650D
Erinaceous Group PLC
29 September 2004




29 September 2004



                              Erinaceous Group plc

               Update on Offer for Hercules Property Services plc

                Posting of Offer document and 2.10 Announcement



On 27 September 2004, the directors of Erinaceous Group plc ("Erinaceous" or "
Company") and the directors of Hercules Property Services plc ("Hercules")
announced that they had reached agreement on the terms of a recommended cash and
share offer (the "Offer) for the entire issued and to be issued ordinary share
capital of Hercules.



Erinaceous has received irrevocable undertakings to accept the Offer from
certain of the Hercules Directors in respect of 24,828 Hercules Shares in
aggregate, representing approximately 0.13 per cent. of Hercules' current issued
share capital. The terms of these irrevocable undertakings require acceptance of
the Offer even in the event of a competing offer for Hercules from a third
party.



Erinaceous has also received letters of intent to accept the Offer in respect of
7,210,476 Hercules Shares representing 37.5 per cent. of Hercules' issued share
capital.



The Offer document was posted to Hercules' Shareholders on 28 September 2004.



The Company confirms the details of its relevant securities that are to be
disclosed in accordance with Rule 2.10 of the City Code on Takeovers and Mergers
are as follows:



Share class                           Number in          ISIN reference
                                        issue                        

Ordinary shares of 0.5p each          44,723,858         GB0033838276


Enquiries:


Erinaceous               Neil Bellis                     Tel: 0870 706 9301

Collins Stewart          Andrew Dawber/Chris Howard      Tel: 020 7523 8350

Gavin Anderson           Mark Lunn/Robert Speed          Tel: 020 7554 1400




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

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