TCI Thompson Clive

RNS Number:0170D
Thompson Clive Investments PLC
28 October 2002

Thompson Clive Investment plc (the "Company")

The Board of Thompson Clive Investments plc (the "Company") announces that,
following discussions with the majority of shareholders, the Board has decided
to review its investment policy and implement the following:


*     There will be no new investment in quoted companies. Investment, which is
expected to total in the order of #2m, will continue in those unquoted companies
with which there are existing negotiations. There will be no further investment
after June 2003.

*     The Board will aim to realise the quoted portfolio over the next two
years.

*     The Board will aim to realise the unquoted portfolio within five years.


As part of the implementation of the above, the Company proposes to undertake a
tender offer for #5m as soon as reasonably practicable and will be writing to
shareholders shortly. The Board proposes further returns of capital whenever
distributable liquid resources are in excess of #5m.


Whilst the Board believes that there are an increasing number of interesting
investment opportunities available now, it is conscious that some major
shareholders want liquidity and wish to realise value over the medium term.
These proposals fulfil those shareholder wishes and the Board believes that the
above proposals address the interests of all shareholders as far as possible
whilst giving the greatest opportunity of maximising value on the realisation of
investments in the prevailing market circumstances.


Enquiries:


Colin Clive/Richard Thompson          020 7535 4900

Thompson Clive


Angus Gordon Lennox                   020 7588 2828

Cazenove & Co. Ltd



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