For immediate release
                                                                                                             9 April
2003
 
Not for release, publication or distribution in or into the United States, Canada, Japan or Australia.
 
                                                Clarification Statement                                                
 
On Friday 4 April 2003 Venice Bidder announced that its 367p per share offer would be extended and remain open for
acceptance until 3.00 pm on Thursday 10 April 2003.  In this announcement Venice Bidder referred to its offer as being
recommended.  PizzaExpress would like to point out that the recommendation for the Venice Bidder offer was withdrawn on
Thursday 3 April 2003 at the same time as the full Board of PizzaExpress announced its intention to recommend the
proposed 387p per share offer from GondolaExpress. 
 
In addition, following recent press comment concerning market consensus profit figures, PizzaExpress confirms that no
formal profit forecast has been made under Rule 28 of the Code.  Any comment made concerning market consensus profit
figures should not be interpreted as a profit forecast nor as an endorsement of such figures.
 
PizzaExpress expects to release its third quarter trading update shortly.
 
 
Enquiries:
 
Citigate Dewe Rogerson                                                                                               
020 7638 9571
Sue Pemberton
 
This announcement has been approved solely for the purposes of Section 21 of the Financial Services and Markets Act
2000 by Credit Suisse First Boston (Europe) Limited.
 
Credit Suisse First Boston (Europe) Limited is acting for PizzaExpress and for no one else in relation to the matters
described in this announcement and will not be responsible to anyone other than PizzaExpress for providing the
protections afforded to clients of Credit Suisse First Boston (Europe) Limited or for providing advice in relation to
the matters described in this announcement.
 
This announcement does not constitute an offer or an invitation to purchase any securities.
 
The Directors of PizzaExpress accept responsibility for all the information contained in this announcement. To the best
of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the facts and does not contain anything likely to
affect the import of such information.