ERG Erinaceous

RNS Number:3416G
Consensus Business Group
25 October 2007



                        Consensus Business Group Limited


            Intention not to make an offer for Erinaceous Group plc


Consensus Business Group Limited ("CBG") wishes to clarify its position
regarding Erinaceous Group plc ("Erinaceous") and end the offer period pursuant
to the Takeover Code.


CBG announced on 1 October 2007 that it had not made an approach to Erinaceous
and was not in the course of preparing such an approach, but that it was
possible that CBG may in the future make an approach to Erinaceous.


Since that announcement, CBG has not made, and is not in the course of
preparing, an approach to Erinaceous and does not intend to make an offer for
Erinaceous. However, for the purposes of Rule 2.8 and other relevant provisions
of the Takeover Code, CBG reserves the right to announce an offer or a possible
offer for Erinaceous or participate in an offer or a possible offer for
Erinaceous and/or take any other action which would otherwise be restricted
under Rule 2.8 of the Takeover Code within the next 6 months in the following
circumstances:


a)        with the agreement or recommendation of the Board of Erinaceous;

b)        the announcement of a possible offer or a firm intention to make an 
          offer by an independent third party for Erinaceous;

c)        the announcement by Erinaceous of a "whitewash" proposal(as defined 
          in the Takeover Code);

d)        the announcement by Erinaceous of a change of 20 per cent. or more in 
          Erinaceous' net assets of #136.1 million, as reported by Erinaceous
          on 27 September 2007 for the interim period to 30 June 2007, meaning 
          if Erinaceous makes an announcement of its net assets being equal to 
          or less than #108.88 million or equal to or greater than #163.32 
          million;

e)        the announcement by Erinaceous of a proposed change of 20
          per cent. or more in Erinaceous' existing issued share capital of 
          107,055,200 ordinary shares, as announced by Erinaceous on 2 October 
          2007, meaning if Erinaceous makes an announcement of a proposal or a 
          proposed transaction which would result in its issued share capital 
          being reduced to an amount equal to or less than 85,644,160 ordinary 
          shares or increased to an amount equal to or greater than 128,466,240 
          ordinary shares;

f)        the announcement by Erinaceous that it was seeking offers for 
          itself; or

g)        the announcement by Erinaceous of a change in a majority of directors
          of the Board of Erinaceous or an announcement by an independent third
          party of the requisitioning of an extraordinary general meeting of 
          Erinaceous in order to change a majority of directors of the Board of 
          Erinaceous.


Enquiries

KBC Peel Hunt Ltd (Financial Adviser to Consensus Business Group Limited)
James Britton                                             Tel: +44 20 7418 8900
David Anderson
Oliver Stratton




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

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