FISH PLC
2 July 2002
FISH PLC ('Fish' or the 'Group')
Following the announcement of 17 May 2002, the Board of Fish has undertaken a
comprehensive review of all aspects of the Group's operations. However, the
Board of Fish has been unable to secure facilities from the Group's bankers for
the implementation of a restructuring plan. As a result, the Boards of Fish and
Marchthistle Limited, the corporate entity comprising the Group's restaurant
activities, believe that they have no option but to seek the appointment of an
administrator for Fish plc and Marchthistle Limited, respectively.
The Board of Fish believes that this course of action provides the best option
for delivering a stable environment in which all the operations of the Group
will continue to trade. Accordingly, Fish has requested suspension of trading in
its shares pending a further announcement.
Cutty Catering Specialists Limited which trades under the names Cutty, Bentley's
and West Coast Shellfish is trading profitably and will not be subject to the
administration order and therefore will continue to trade as normal.
Enquiries
Fish plc 020 7457 2020
Clive Eplett
College Hill 020 7457 2020
Matthew Smallwood
Justine Warren
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