BNT Basepoint

RNS Number:9352T
ACG Rented Properties Plc
10 November 2005


            NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
             THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR IRELAND

                                                               10 November 2005

                    Recommended Cash Offer for Basepoint Plc
                  by John East & Partners Limited on behalf of
                            ACG Rented Properties PLC

                     Compulsory acquisition of Basepoint Shares


On 31 October 2005, ACG Rented Properties PLC ("ACG Rented Properties")
announced that the offer for the entire issued and to be issued share capital of
Basepoint Plc ("Basepoint") not already owned by ACG Rented Properties ("the
Offer"), as set out in the offer document dated 7 October 2005 ("the Offer
Document"), had become unconditional in all respects.

As at 1.00 p.m. on 9 November 2005, valid acceptances had been received in
respect of 7,595,022 Basepoint Shares, representing approximately 63.49 per
cent. of the issued share capital of Basepoint. At the time of the making of the
Offer, ACG Rented Properties held 3,807,402 Basepoint Shares, which represents
31.83 per cent. of the existing issued share capital of Basepoint. No Basepoint
Shares have been acquired or agreed to be acquired by ACG Rented Properties
during the Offer Period.

Accordingly, having acquired or received valid acceptances of the Offer in
respect of over 90 per cent. of the Basepoint Shares to which the Offer relates,
ACG Rented Properties will tomorrow be giving notice to those Basepoint
Shareholders who have not accepted the Offer informing them that it will
compulsorily acquire their Basepoint Shares by applying sections 428 to 430F of
the Companies Act 1985.

The Offer will remain open for acceptance until further notice.

Terms defined in the Offer Document have the same meaning in this announcement.

For further information contact:

ACG Rented Properties PLC
Denis Taylor                                                   Tel: 01753 753900

John East & Partners Limited
John East/Simon Clements                                      Tel: 020 7628 2200


The Offer is not being made, directly or indirectly, in or into, and is not
capable of acceptance in or from, the United States, Canada, Australia, Japan or
Ireland. Custodians, nominees and trustees should observe these restrictions and
should not send or distribute documents in, into or from a Restricted
Jurisdiction.

The ACG Rented Properties Directors accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
ACG Rented Properties Directors (who have taken reasonable care to ensure that
such is the case) the information contained in this announcement is in
accordance with the facts and does not omit anything likely to affect the import
of such information.

John East & Partners Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for ACG Rented Properties
and no one else in connection with the Offer and will not be responsible to
anyone other than ACG Rented Properties for providing the protections afforded
to clients of John East & Partners Limited nor for giving advice in relation to
the Offer.

This announcement does not constitute an offer or invitation to purchase any
securities or a solicitation of an offer to buy any securities pursuant to the
Offer or otherwise.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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