RNS Number:8913J
James Reed & Partners PLC
10 April 2003



10 April 2003




This announcement is not for release, publication or distribution in or into the
United States, Canada, Australia or Japan


                          RECOMMENDED CASH OFFERS

                                    by

                           ALTIUM CAPITAL LIMITED


                                on behalf of


                         JAMES REED & PARTNERS PLC


     to acquire the whole of the issued and to be issued share capital of


                              REED EXECUTIVE PLC


                             OFFER DOCUMENT POSTED




In connection with the announcement made on 4 April 2003 of the recommended cash
offers by Altium Capital, on behalf of James Reed & Partners plc, to acquire the
whole of the issued and to be issued share capital of Reed Executive PLC, James
Reed & Partners plc announces that the Offer Document and Forms of Acceptance
relating to the Offers have been posted to Reed Shareholders today.



The Offers will be open for acceptance until 3.00 p.m. on 1 May 2003.  A
circular convening an Extraordinary General Meeting and a Class Meeting for the
purpose of considering proposed amendments to the articles of association of
Reed Executive was despatched to Reed Shareholders on 4 April 2003 and the
Extraordinary General Meeting and the Class Meeting will be held on 1 May 2003.



Terms defined in the Offer Document dated 10 April 2003 have the same meaning in
this announcement.


Enquiries:


Garry Levin                                                Tel: 020 7484 4040
Mark Dickenson
Alexi Quelch
Altium Capital Limited


James Reed                                                 Tel: 020 7313 7450
Derek Beal                                                      020 7313 7459
Reed Executive PLC




A copy of each of the Offer Document and the Forms of Acceptance referred to
above has been submitted to the UK Listing Authority, and will shortly be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London  E14 5HS

Tel 020 7676 1000



The Offers (including the Share Alternative) are not being made, directly or
indirectly, in, into or from the United States, or by use of the United States
mails, or by any means or instrumentality (including, without limitation,
facsimile transmission, telex, telephone or e-mail) of United States interstate
or foreign commerce, or any facility of a national securities exchange of the
United States, Canada, Australia or Japan.  Accordingly, this announcement,
copies of this announcement and any related documents are not being and must not
be mailed or otherwise distributed or sent in, into or from the United States,
Canada, Australia or Japan and persons receiving this document and any related
documents (including custodians, nominees and trustees) must not mail or
otherwise forward, distribute or send them in, into or from the United States,
Canada, Australia or Japan. All Reed Shareholders (including nominees, trustees
or custodians) who would, or otherwise intend to forward this document, should
inform themselves about and observe any applicable requirement.



Altium Capital, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for James Reed & Partners as financial
adviser within the meaning of the Rules of the Financial Services Authority and
for no one else in connection with the Offers and is not advising any other
person or treating any other person as its client in relation thereto and will
not be responsible to anyone other than James Reed & Partners for providing the
protections afforded to clients of Altium Capital, or for giving advice to any
other person in relation to the Offers, the contents of this announcement or any
other matter referred to herein.


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

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