Result of tender offer & EGM

Triad Group PLC 15 April 2002 Triad Group Plc (the 'Company') Result of Tender Offer 1. Result of Tender Offer On 28 March 2002 the Company announced that it proposed to return up to £2.8 million of surplus cash to shareholders by way of a tender offer (the 'Tender Offer') to be made by Beeson Gregory Limited ('Beeson Gregory') for up to 3,733,333 ordinary 1p shares in the Company ('Ordinary Shares') and the subsequent purchase and cancellation of the tendered shares by the Company. The results of the Tender Offer and the subsequent purchase and cancellation of the tendered shares by the Company are set out in paragraph 3 below. A circular, together with a form of proxy and tender form, dated 28 March 2002 was posted to shareholders containing full details of the Tender Offer and including notice of an extraordinary general meeting to authorise the Company's purchase of up to 3,733,333 Ordinary Shares. The extraordinary general meeting was held at 2.00 p.m. today and the results are set out in paragraph 2 below. 2. Result of Extraordinary General Meeting The Company is pleased to announce that the ordinary resolution proposed at the extraordinary general meeting of the Company held today was approved by shareholders. Accordingly, the Company has now been granted the authority by shareholders to purchase not more than 3,733,333 Ordinary Shares at 75p per Ordinary Share. 3. Result of Tender Offer and the Company's Purchase of Ordinary Shares The Company is pleased to announce the results of the Tender Offer which closed at 3.00 p.m. on Friday, 12 April 2002. Tenders have been received for a total of 4,020,268 Ordinary Shares or 15.77% of the total number of Ordinary Shares in issue at a price of 75p per Ordinary Share. Accordingly, acceptances have been scaled down under the terms of the Tender Offer and the number of Ordinary Shares to be purchased is 3,733,295 Ordinary Shares or 14.64% of the total number of Ordinary Shares in issue. The settlement date for purchases of Ordinary Shares made under the Tender Offer will be no later than Tuesday, 23 April 2002. Following closure of the Tender Offer and the approval of the resolution proposed at the extraordinary general meeting the Company has purchased 3,733,295 Ordinary Shares at 75p per Ordinary Share from Beeson Gregory, being the Ordinary Shares acquired by Beeson Gregory under the Tender Offer. The purchased Ordinary Shares will be cancelled in accordance with the Companies Act 1985. Date: 15 April 2002 For further information please contact: John Rigg, Non-executive Chairman Triad Group Plc 01483 860222 Mira Makar, Chief Executive Triad Group Plc 01483 860222 Ed Senior City Profile 020 7448 3244 Simon Courtenay City Profile 020 7448 3244 This information is provided by RNS The company news service from the London Stock Exchange