SPS Superscape

RNS Number:1106M
Superscape Group PLC
18 January 2008

                                                                 18 January 2008





                SUPERSCAPE GROUP PLC ("SUPERSCAPE" OR "COMPANY")



                   UPDATE ON CURRENT TRADING AND OFFER TALKS



Ahead of Superscape's financial year end of 31 January 2008, the Board of
Superscape is pleased to announce that trading to date in the fourth quarter has
been in line with the Board's expectations.



Superscape has been notified by one of its handset manufacturer customers that
the volume of handset sales embedding Superscape licensed games reported by the
manufacturer to Superscape may require adjustment.  To the extent that this does
require adjustment, it will have an effect on the revenues and gross margins for
the third quarter.  Superscape is taking steps to clarify the situation.



Further to the Company's announcement on 29 November 2007 that it was in talks
which may or may not lead to a recommended cash offer being made for the
Company, the Board of Superscape confirms that offer discussions with a
potential strategic purchaser are ongoing and that due diligence is at an
advanced stage.  There is however no assurance that an offer will be made for
the Company.  A further announcement will be made in due course.





Enquiries:


Superscape Group plc                                                Tel: +1 949 940 2860/2861
Kevin Roberts (Chief Executive Officer)
Dave Goodman (Chief Financial Officer)

Close Brothers Corporate Finance Limited                            Tel: +44 (0) 20 7655 3100
Simon Willis
Richard Madden
James Craven

Hudson Sandler                                                      Tel: +44 (0) 20 7796 4133
Jessica Rouleau
Sandrine Gallien



The directors of Superscape accept responsibility for the information contained
in this announcement.  To the best of the knowledge and belief of the directors
of Superscape (who have taken all reasonable care to ensure that such is the
case), the information contained in this announcement is in accordance with the
facts and does not omit anything likely to affect the import of such
information.



Close Brothers Corporate Finance Limited which is regulated by the Financial
Services Authority in the United Kingdom, is acting for Superscape and no one
else in connection with the matters described in this announcement and will not
be responsible to anyone other than Superscape for providing the protections
afforded to customers of Close Brothers Corporate Finance Limited nor for
providing advice in relation to the matters referred to herein.



Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (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 Superscape, all
"dealings" in any "relevant securities" of that company (including by means of
an option in respect of, or a derivative referenced to, any such "relevant
securities") must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer 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 Superscape, 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 Code, all "dealings" in "relevant
securities" of Superscape by Superscape 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 the companies in whose "relevant securities" "dealings"
should be disclosed, and the number of such securities in issue, can be found on
the Takeover 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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