GKLL Gaskell

RNS Number:8015J
Gaskell PLC
16 March 2005

Gaskell PLC ("Gaskell" or the "Group")

16 March 2005

Suspension from the Official List

The Board of Gaskell provided a trading update on 16 February 2005.  This
referred to the Board continuing to explore strategic alternatives for the
Group, including a possible refinancing as well as other initiatives such as the
sale of all or certain parts of the Group's businesses, the negotiation of
extended credit arrangements and a possible injection of new equity.  The Board
indicated, at that time, that the securing of such a re-financing was by no
means certain and, indeed, this has not been achieved.  The Board is now
focusing entirely on the sale as a going concern of Gaskell's businesses and is
in the process of negotiating offers for its various trades and assets.
Following the potential disposals it is unlikely that shareholders will be left
with any value.

Gaskell has requested that the shares be suspended from the Official List of the
London Stock Exchange with immediate effect pending clarification of its
financial position.

Shareholders will continue to be updated as appropriate.

Enquiries - 01254 770 222
Gerry Wheeler - Chief Executive
Richard Hopkin - Finance Director

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