Wincanton reconfirms it has no intention of making offer for TDG at this time

        LONDON (Thomson Financial) - Wincanton Plc. reconfirmed it has no intention
of making an offer for TDG Plc. at this time, following the agreed offer earlier
Friday from rival Laxey Partners, valuing the logistics company at around 203
million pounds.
    TDG shareholders are being offered 250 pence cash per share by Laxey vehicle
LIT, or 200 pence plus 6.625 LIT shares.
    Wincanton previously announced on June 17 that it had no intention of making
an offer for TDG and subsequently ceased work on the potential deal it had been
considering at 290 pence per TDG share, minus an 8.75 pence dividend.
    Wincanton had announced the indicative cash offer for TDG on May 9, trumping
a rival 275 pence per share approach from Laxey at that time.



Finally, TDG jumped 19-1/4 pence to 243 pence as Laxey Partners' acquisition
vehicle LIT made a formal agreed offer valuing the logistics company at around
203 million pounds.
TDG shareholders are being offered 250 pence cash per share or 200 pence plus
6.625 LIT shares.

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