RNS Number:4372H
Coats PLC
13 February 2003

Coats plc: Price movement


The Board of Coats notes the recent movement in its share price and announces
that it has received an approach from a group of shareholders led by Guinness
Peat Group plc regarding a possible cash offer for the Company.


A further announcement will be made in due course and in the meantime
shareholders should take no action.



Enquiries:
Coats plc
Martin Flower                                        020 8210 5000

Jonathan Lea

Cazenove & Co. Ltd
Julian Cazalet                                       020 7588 2828

Malcolm Moir

Brunswick Group Limited

Louise Charlton                                      020 7404 5959

Patrick Handley





Cazenove & Co. Ltd, which is regulated in the United Kingdom by The Financial
Services Authority, is acting exclusively for Coats plc in connection with the
possible offer and is not advising any other person. Accordingly, Cazenove will
not be responsible to anyone other than Coats plc for providing the protections
afforded to customers of Cazenove & Co. Ltd, nor for providing advice in
relation to the possible offer.



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