RNS Number:2172U
Basepoint PLC
14 January 2004

BASEPOINT PLC

Share Purchase

Basepoint plc ("the Company")

The Company has today received notification from ACG Developments Limited
("ACGD") (formerly ACG Developments plc) that on 13 January 2004 ACGD increased
its shareholding to 3,807,402 ordinary shares in the Company by acquiring
425,474 ordinary shares from HACAS Group Limited ("HACAS") (formerly HACAS Group
plc) at a price of 163p per ordinary share.

ACGD's shareholding now represents 34.09% of the Company's total ordinary issued
share capital. Following the sale of the above ordinary shares HACAS no longer
has any interest in the ordinary shares of the Company. Previously HACAS's
shareholding represented 3.81% of the Company's total ordinary issued share
capital.

As previously notified, concert party arrangements exist between ACGD, HACAS and
a number of individuals who together hold 3,938,527 shares representing 35.26%
of the Company's total ordinary issued share capital.

Because this transaction is between two concert party members the concert
party's aggregate interest in the Company remains unchanged. ACGD has advised
the Company that with regard to this transaction it has obtained a formal waiver
from the Panel on Takeovers and Mergers of any obligation to make a general
offer to all the Company's shareholders to acquire their ordinary shares.

Contacts:

David Boakes - Director of Finance & Operations
e-mail: davidboakes@basepoint.co.uk
Telephone: 01962-842244

Nicola Horton - Smith & Williamson Corporate Finance Limited
e-mail: nah@smith.williamson.co.uk
Telephone: 020-7637-5377




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