Proposed Fund Raising for Acquisition

Harrier Group PLC 10 April 2000 HARRIER GROUP PLC Proposed Fund Raising The Board of Harrier Group plc notes the recent rise in the market price of Harrier Shares. The Board wishes to announce that during the early part of last week meetings were held with investors with a view to arranging finance to fund an acquisition which is anticipated will be announced during this week. The price at which the conditional financing has been agreed is at a significant discount to the current market price and reflects the market conditions prevailing at that time.