Result of Open Offer

Chandra PLC 19 April 2000 Take-up of Open Offer of 1,950,000 Offer Shares Following the closing of the Open Offer, announced on 24th March, 2000, at 3.00 p.m. on 18th April, 2000, valid applications had been received for 524,427 Offer Shares. The Directors and certain shareholders, who had maximum aggregate entitlements under the Open Offer to 1,185,374 Offer Shares, irrevocably undertook to subscribe for 253,500 Offer Shares and not to subscribe for the balance of their entitlements amounting to 931,874 Offer Shares, which were placed firm by Insinger Townsley with institutional and other investors. Therefore the number of Offer Shares available for take-up by the remaining qualifying shareholders under the Open Offer was 1,018,126 Offer Shares. Accordingly, the take-up by qualifying shareholders represents 51.5 per cent. of the Offer Shares not placed firm by Insinger Townsley. The Open Offer remains conditional, inter alia, on the admission to AIM of the Offer Shares, which is expected to be on 4th May, 2000. Enquiries: John East & Partners Limited 020 7628 2200 John East/David Worlidge Holborn Public Relations Limited 020 7929 5599 David Bick