RNS Number:5499K
Inveresk PLC
30 April 2003

                                  INVERESK PLC

                        RESULTS OF PLACING & OPEN OFFER,
                          RESULTS OF EGM AND STATEMENT


Inveresk announced at its EGM held today that by 3.00 pm on 29 April 2003, valid
applications, including excess applications, under the Open Offer made by the
Company on 4 April 2003 had been received in respect of 33,097,295 Ordinary
Shares. This represents 101.4 per cent of the Offer Shares (excluding those
Offer Shares that were the subject of irrevocable undertakings not to take up
their entitlements). Shareholders that applied for Offer Shares in excess of
their pro rata entitlements have been scaled back, being allocated approximately
90.7% of the excess amounts that they applied for.

It was also announced that all resolutions proposed at the EGM today were duly
passed.

At the EGM, Alan Walker made the following statement:

"I am delighted to say that both the Placing and the Open Offer were
oversubscribed. This level of take up from existing and new investors is very
gratifying, and a testament to the progress that has been made in resolving the
many difficulties that Inveresk faced when the current Board was appointed in
the final quarter of last year.

The finalisation of this Placing and Open Offer and the conversion of the
unsecured loans marks the completion of the re-capitalisation and refinancing of
Inveresk. The Company now has a stronger balance sheet, a supportive bank and a
wider shareholder base including a range of well known institutional investors.

Trading in the year to date at each of the Company's mills has been ahead of
expectations and we continue to be confident about the prospects for both
Carrongrove and St Cuthberts as well as for the Company as a whole.

We expect to announce Inveresk's preliminary results for the period ended 31
December 2002 on or around 7 May, and will at that time make a more detailed
statement about the Company's recent trading and its prospects for the future."

The new Ordinary Shares are expected to be admitted to AIM and to commence
trading at 8.00 a.m. on Friday, 2 May 2003. On admission of these new Ordinary
Shares, the Board will issue and allot a further 12,938,270 new Ordinary Shares
to Klippan AB and to Mr Lersten pursuant to the conversion of their unsecured
loans to the Company amounting in aggregate to #1,293,827. It is expected that
these new Ordinary Shares will be admitted to trading on AIM and to commence
trading at 8.00 a.m. on Monday, 5 May 2003.

The total number of Ordinary Shares in issue following the Placing and Open
Offer and loan conversion will be 134,743,020.


Enquiries:

Inveresk Plc
Alan Walker (Chief executive)                                  020 7240 1234
Jan Bernander (Chairman)                                       00 46 708 556 400

KBC Peel Hunt Ltd
Oliver Scott                                                     020 7418 8900


Definitions of certain words and expressions used in this announcement are the
same as those used in the Company's prospectus dated 4 April relating to the
Placing and Open Offer.



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