RNS Number:1993K
ING Bank N.V. London Branch
17 April 2003

Not for release, publication or distribution in, into or from the United States,
Canada, Australia or Japan



FOR IMMEDIATE RELEASE     17 APRIL 2003



                               GONDOLAEXPRESS PLC

                           Posting of Offer Document

On behalf of GondolaExpress, ING Barings announces that the offer document in
respect of its recommended cash offer for PizzaExpress PLC will be posted today.

The first closing date of the Offer is 3.00 p.m. on 8 May 2003.



ING Bank N.V., London branch, ("ING Barings"), which is regulated in the United
Kingdom by The Financial Services Authority, is acting exclusively for
GondolaExpress and no one else in connection with the Offer and will not be
responsible to anyone other than GondolaExpress for providing the protections
afforded to clients of ING Barings or for giving advice in relation to the Offer
or in relation to the contents of this announcement or any transaction or
arrangement referred to herein.

Neither the Offer nor the Loan Note Alternative is being made, directly or
indirectly, in or into the United States or by use of the mails, or by any means
or instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and internet) of United States inter-state or
foreign commerce, or any facility of a United States national securities
exchange nor is it being made in or into Canada, Australia or Japan.
Accordingly, copies of this announcement, the Offer Document, the Form of
Acceptance and any other document relating to the Offer are not being, and must
not be, mailed or otherwise distributed or sent in or into the United States,
Canada, Australia or Japan and persons receiving such documents (including,
without limitation, custodians, nominees and trustees) must not distribute,
forward, mail, transmit or send them in, into or from these jurisdictions as
doing so may render invalid any purported acceptance of the Offer by persons in
any such jurisdiction.

The Loan Notes which may be issued pursuant to the Loan Note Alternative have
not been, and will not be, registered under the Securities Act or under any
relevant laws of any state or other jurisdiction of the United States, nor have
the clearances been, nor will they be, obtained from the securities commission
or similar authority of any province or territory of Canada and no prospectus
has been, or will be, filed, or registration made, under any securities law of
any province or territory of Canada, nor has a prospectus in relation to the
Loan Notes has been, nor will one be, lodged with, or registered by, the
Australian Securities and Investments Commission, nor have any steps been taken,
nor will any steps be taken, to enable the Loan Notes to be offered in
compliance with applicable securities laws of Japan. Accordingly, unless an
exemption under relevant securities laws is available, the Loan Notes may not be
offered, sold, re-sold or delivered, directly or indirectly, in, into or from
the United States, Canada, Australia or Japan or any other jurisdiction in which
an offer of Loan Notes would constitute a violation of relevant laws or require
registration of the Loan Notes, or to or for the account or benefit of any US
person or resident of Canada, Australia or Japan or any other such jurisdiction.

The availability of the Offer and/or the Loan Note Alternative to PizzaExpress
Shareholders who are not resident in the United Kingdom may be affected by the
laws of their relevant jurisdictions. PizzaExpress Shareholders who are not so
resident should inform themselves about and observe such applicable
requirements.

END


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