RNS Number:9955R
Swan Hill Group PLC
12 November 2003

For immediate release                                          12 November 2003

                              Swan Hill Group plc
                                        
               Statement re. Offer announcement by Raven Mount plc

The Board of Swan Hill Group plc ("Swan Hill") notes the announcement made this
morning by Raven Mount plc ("Raven Mount") of an unsolicited all share offer for
the entire issued and to be issued share capital of Swan Hill.

A further announcement will be made once the Board has considered the position
in the light of the offer document, which Raven Mount has indicated is to be
posted today.


Press enquiries:

Citigroup                                                         020 7986 4000
Sam Small
Dimitrios Georgiou

Weber Shandwick Square Mile                                       020 7067 0700
Terry Garrett
Nick Dibden

Citigroup Global Markets Limited ("Citigroup") is acting for Swan Hill and no
one else in connection with the Offer and will not be responsible to anyone
other than Swan Hill for providing the protections offered to clients of
Citigroup nor for providing advice in relation to the Offer.


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

END
STRZGMMMKZRGFZM