BS. Base Grp.

RNS No 4546r
BRITISH STEEL PLC
4 October 1999

          PUBLIC OFFER FOR KONINKLIIJKE HOOGOVENS N.V. ("HOOGOVENS") 
                        by CORUS GROUP PLC ("CORUS")

British Steel plc announces that as at 3.00 pm, Amsterdam time, on 1 October
1999, 94.2% of the then outstanding (depositary receipts for) ordinary shares in
Hoogovens had been submitted for exchange in accordance with the public offer
(the "offer") made by Corus (formerly known as BSKH plc).  Together with the A
preference shares which Corus will acquire following completion of the Offer,
Corus will hold approximately 95.4% of the total issued share capital of
Hoogovens.  Accordingly, the Offer has been honoured by Corus, subject to and
immediately upon satisfaction of the condition set our in Section 12.5
sub-section (g) of the Offer Document (i.e., an office copy of the Court Order
(as defined in the Offer Document) having been delivered for registration to the
Registrar of Companies in England and Wales and the registration of the Court
Order by the Registrar of Companies in England and Wales).  It is expected that
this condition will be satisfied on 6 October 1999.

The Court hearing relating to the British Steel Scheme of Arrangement is
expected to take place today following which a further announcement will be
made.

Enquiries:

Investor Relations

0171 314 5500

This announcement is not an extension of the Hoogovens offer, directly or
indirectly, in or into the United States.  The Corus plc shares to be exchanged
for Hoogovens Ordinary Shares in the Hoogovens Offer have not been and will not
be registered under the US Securities Act of 1933, as amended, nor under the
laws of any state of the United States and may not be offered, sold, resold or
delivered, directly or indirectly, in or into the United States expect pursuant
to an exemption from the registration requirements of the US Securities Act of
1933, as amended.  The Hoogovens Offer is not permitted to be accepted in or
from the United States.

END

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