INS Instem Plc

RNS Number:1801O
Eagerport Limited
28 June 2005


Immediate Release                                                   28 June 2005




This announcement is not for release, publication or distribution in or into
Canada, Australia or Japan.



                             Recommended Cash Offer

                                       by

    KPMG Corporate Finance on behalf of the Offeror, a wholly owned indirect
   subsidiary of Anixter International Inc. and (in the United States) by the
                                    Offeror

                                      for

                                Infast Group plc


                          Level of Acceptances Update



On 20 June 2005, Eagerport Limited (the "Offeror") announced that, as at 1:00
p.m. (London time) on 17 June 2005, valid acceptances of the Offer had been
received in respect of 95,644,845 Infast Shares, representing approximately
83.64 per cent of the entire existing issued ordinary share capital of Infast
and that the Offer was being extended and the next closing date for the Offer
will be 1.00 p.m. (London time) on 8 July 2005.



In that announcement, the Offeror stated that 4,935,000 Infast Shares,
representing approximately 4.32 per cent of the entire existing issued ordinary
share capital of Infast, were the subject of a non binding letter of intent to
accept the offer from Societe Generale Asset Management UK Limited and that
further clarification was being sought as to the extent to which these Infast
Shares were included in the valid acceptances referred to above. It has now been
confirmed that valid acceptances of the Offer had been received in respect of
all of the Infast Shares subject to the Societe Generale Asset Management UK
Limited letter of intent at 1:00 p.m. (London time) on 17 June 2005 and
therefore formed part of the acceptances referred to above.



Terms defined in the Offer Document dated 27 May 2005 have the same meaning in
this announcement save where the context requires otherwise.

Enquiries:


Anixter                       Dennis Letham            Tel: +1 224 521 8601

KPMG Corporate Finance        Charles E Cattaneo       Tel: +44 (0) 121 232 3356
                                                       
Buchanan Communications       Charles Ryland           Tel: +44 (0) 207 466 5000
                              James Strong             Tel: +44 (0) 207 466 5000




KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated
by the Financial Services Authority for investment business activities, is
acting for Anixter and the Offeror as financial adviser in relation to the Offer
and is not acting for any other person in relation to the Offer. KPMG Corporate
Finance will not be responsible to anyone other than Anixter and the Offeror for
providing the protections afforded to its clients or for providing advice in
relation to the contents of this announcement or any transaction or arrangement
referred to herein.



This announcement does not constitute an offer or invitation to purchase any
securities or the solicitation of an offer to buy any securities, pursuant to
the Offer or otherwise.  The Offer is being made solely pursuant to the Offer
Document and the Form of Acceptance accompanying the Offer Document, which
contain the full terms and conditions of the Offer, including details of how the
Offer may be accepted.



The Offer is not being made, directly or indirectly, in or into, or by use of
the mails of, or by any means or instrumentality (including, without limitation,
facsimile transmission, electronic mail, telex or telephone) of interstate or
foreign commerce of, or any facilities of a national securities exchange of
Canada, Australia, Japan or any jurisdiction where to do so would violate the
laws in that jurisdiction and the Offer will not be capable of acceptance by any
such use, means, instrumentality or facility, directly or indirectly from or
within Canada, Australia, Japan or any such jurisdiction.



The Offer in the United States is being made solely by the Offeror, and neither
KPMG LLP, KPMG Corporate Finance, nor any of its respective affiliates, is
making the Offer in the United States.

The members of the Anixter Offer Committee accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the members of the Anixter Offer Committee (who have taken all
reasonable care to ensure that such is the case), the information contained in
this announcement for which they accept responsibility is in accordance with the
facts and does not omit anything likely to affect the import of such
information.

The Offeror Directors, accept responsibility for the information contained in
this announcement relating to the Offeror, the Offeror Directors and their
immediate families and persons connected with them (within the meaning of
section 346 of the Act).  To the best of the knowledge and belief of the Offeror
Directors (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.


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

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