RNS No 103p
LONDON & METROPOLITAN PLC
25th March 1998

Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan.



                  Grantchester Holdings PLC ("Grantchester")
                               Recommended Offer
                                      for 
              London & Metropolitan PLC ("London & Metropolitan")
                                       
                                       
Further to the announcement made on 13 March 1998, the board of Grantchester
announces that the offer document incorporating the recommended offer made by
Credit Suisse First Boston (Europe) Limited on behalf of Grantchester for
London & Metropolitan was posted to the shareholders of London & Metropolitan
yesterday.

Enquiries:

Grantchester
Nick Hewson (Chief Executive and Finance Director)         0171 335 1200



Credit Suisse First Boston (Europe) Limited, which is regulated by The
Securities and Futures Authority Limited, is acting for Grantchester and no one
else in connection with the Offer and will not be responsible to anyone other
than Grantchester for providing the protections afforded to customers of Credit
Suisse First Boston (Europe) Limited or for providing advice in relation to the
Offer.


END

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