COM Comptoir Group Plc

RNS Number:4676D
Comland Commercial PLC
07 September 2007

Comland Commercial Plc ('Comland Commercial' or the 'Company')

Announcement in  accordance with Rule 2.4 of the City Code on Takeovers and
Mergers

The Board of Comland Commercial is in advanced discussions with MCF Commercial
Limited, a company owned by Comland's Chief Executive Stuart Crossley, in
relation to a  recommended proposal for the acquisition of the entire issued
share capital of Comland, for cash at a price of #9.50 per share. The proposed
acquisition will be implemented by way of a scheme of arrangement and will be
subject, amongst other things, to the approval of shareholders and sanction of
the Court. It is proposed that a cash and share alternative will also be made
available.

This announcement is being made with the consent of MCF Commercial Limited.
There is no certainty that an offer will be made.

A further announcement is expected to be made in due course.

Comland Commercial announces, in accordance with Rule 2.10 of the City Code on
Takeovers and Mergers, that at the close of business on 6 September 2007 its
issued share capital consisted of 4,556,520 ordinary shares of 10 p each.  The
International Securities Identification Number is GB 0001859072.

Enquiries:
Comland Commercial Plc                              01628 535 777
Chris Martin

Grant Thornton Corporate Finance                    020 7936 3000
Philip Secrett
Colin Aaronson

The Directors of Comland Commercial accept responsibility for the information
contained in this announcement.  To the best of the knowledge and belief of the
Directors of Comland Commercial (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.

Grant Thornton Corporate Finance is acting for Comland Commercial and for no-one
else in connection with the possible offer and will not regard any other person
as its client nor be responsible to anyone other than Comland Commercial for
providing the protections afforded to clients of Grant Thornton Corporate
Finance nor for providing advice in relation to the possible offer or any matter
referred to herein. Grant Thornton Corporate Finance is a division of Grant
Thornton UK LLP, which is authorised and regulated by the Financial Services
Authority in respect of regulated activities.

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1 per cent. or
more of any class of 'relevant securities' of Comland Commercial, all 'dealings'
in any 'relevant securities' of Comland Commercial (including by means of an
option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by not later than 3.30 p.m. (London
time) on the London business day following the date of the relevant transaction.

This requirement will continue until the date on which any offer for Comland
Commercial becomes, or is declared, unconditional as to acceptances, lapses or
is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or
more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an 'interest' in 'relevant securities' of Comland
Commercial, they will be deemed to be a single person for the purpose of Rule
8.3.

Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevant
securities' of Comland Commercial by the potential offeror or Comland Commercial
or by any of their respective 'associates', must be disclosed by no later than
12.00 noon (London time) on the London business day following the date of the
relevant transaction.

A disclosure table, giving details of companies in whose 'relevant securities'
'dealings' should be disclosed, and the number of such securities in issue, can
be found on the Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


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