BS. Base Grp.

RNS No 1688t
BRITISH STEEL PLC
8 September 1999


British Steel plc

            PROPOSED MERGER OF BRITISH STEEL AND HOOGOVENS

      Results of Court Meeting and Extraordinary General Meeting

British Steel announces that at the Court Meeting, convened by order of the
High Court, and the subsequent Extraordinary General Meeting of British Steel
Ordinary Shareholders, both of which were held earlier today, the resolutions
to approve the Merger with Hoogovens via the Scheme and the Hoogovens Offer
were duly passed.

The results of the poll on the resolution to approve the Merger held at the
Court Meeting were as follows:

For                                      Against
1,120,102,944 shares                     7,162,484 shares
(99.36% of the shares voted)             (0.64% of the shares voted)

The votes "for" were cast by 61,803 shareholders representing 98.52% in number
of those voting.

All the resolutions proposed at the Extraordinary General Meeting were passed
by the requisite majority.

The Court hearing of the petition to sanction the Scheme is expected to take
place on 4 October 1999 at the Royal Court of Justice, Strand, London WC2. All
British Steel Shareholders entitled to attend and vote at the Court meeting
held today may be present and be heard in person or through counsel to support
or oppose the sanctioning of the Scheme.

The Merger will become effective upon the delivery to the Registrar of
Companies in England and Wales of a copy of the Order and registration of the
Order. This is expected to occur on 6 October 1999, whereupon admission of
BSKH shares will become effective and dealings will commence in BSKH shares.


Enquiries:

British Steel
Investor Relations
Tel:0171 314 5500

 
END

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