LMBT Lambert Hwth.

RNS Number:7202U
Lambert Howarth Group PLC
25 November 2005

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA AND JAPAN

Lambert Howarth Group p.l.c. ("Lambert Howarth" or the "Company")

Tender Offer by Collins Stewart Limited to purchase Ordinary Shares for up to a
maximum value of approximately #10 million at a price of between 206 pence and
246 pence per Ordinary Share

Results of the Tender Offer

1.         Background to Tender Offer

On 2 November 2005 the Company announced that it proposed to return up to
approximately #10 million of cash to Eligible Shareholders by way of a tender
offer (the "Tender Offer") to be made by Collins Stewart Limited, as principal,
for a maximum of 4,854,368 Ordinary Shares of 10 pence each in the Company. The
Company also announced that it would then purchase the Ordinary Shares acquired
by Collins Stewart pursuant to the Tender Offer, such Ordinary Shares to then be
cancelled.

A circular (the "Circular"), together with a form of proxy and tender form,
dated 2 November 2005 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 4,854,368 Ordinary Shares.

Unless the context otherwise requires, the definitions used in the Circular also
apply in this announcement.

2.         Result of Tender Offer

The Board of the Company announces that pursuant to the Tender Offer, which
closed at 3.00 p.m. on Thursday, 24 November 2005, tenders for 6,533,792
Ordinary Shares at 206 pence or at the Strike Price have been received, of which
4,854,341 Ordinary Shares (representing approximately 19.31 per cent. of the
current issued share capital) have been conditionally accepted (the
"successfully tendered shares"), as detailed below. The Strike Price for the
Tender Offer is 206 pence per Ordinary Share, the bottom end of the range of 206
to 246 pence, which will result in the return of #9,999,942.46 of capital to
holders of successfully tendered shares.

The Tender Offer remains conditional on the passing of the special resolution
(the "Resolution") at the Extraordinary General Meeting at 10.00 a.m. on
Tuesday, 29 November 2005 (the "EGM Date") and on those other matters set out in
the Circular (the "Conditions"), such conditions to be fulfilled by 3.00pm on
the EGM Date.

Subject to the passing of the Resolution and the fulfilment of the other
Conditions:

valid tenders submitted at 206 pence and Strike Price Tenders will be scaled
back pro rata so that 74.29633 per cent. of such Ordinary Shares will be
repurchased, rounded down to the nearest share;

tenders at prices above 206 pence will be rejected;

the purchase of successfully tendered shares will be effected by Collins
Stewart, as principal, at 3.00pm on the EGM Date. Lambert Howarth will
subsequently acquire from Collins Stewart at 3.00 p.m. on Thursday, 1 December
2005, at the Strike Price of 206 pence, the successfully tendered shares.
Collins Stewart will also be paid an amount in respect of its fees and expenses;
and

the consideration for the Tender Offer is expected to be despatched by Tuesday,
6 December 2005 to those Eligible Shareholders who have successfully tendered
Ordinary Shares under the Tender Offer.

Date: 25 November 2005

For further information please contact:
Garry Hogarth,                     Lambert Howarth Group p.l.c.       (020) 7258 9988
Chief Executive

John Gibson,                       Lambert Howarth Group p.l.c.       (020) 7258 9988
Group Finance Director
Mark Connelly                      Collins Stewart Limited            (020) 7523 8350



Collins Stewart Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is acting for Lambert Howarth Group p.l.c. and
no-one else in relation to the matters described in this announcement and will
not be responsible to anyone other than Lambert Howarth Group p.l.c. for
providing the protections afforded to clients of Collins Stewart Limited nor for
providing advice in relation to the matters described in this announcement.



-end-


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