RNS Number:4510J
Shaw (Arthur) & Co PLC
01 April 2003


                   Arthur Shaw & Company PLC (the "Company")


                        Suspension of trading of shares

                    pending publication of report & accounts





Due to a delay in filing of the report and accounts for the year ended 30
September 2002, trading in the Company's shares on AIM will be suspended with
effect from today. The Company has delayed publication of its report and
accounts for the reasons described below.


The Company is undergoing a restructuring following the divestiture of the
engineering subsidiaries in August 2002 and is pursuing its declared strategic
objective of becoming a media business of which the Executive Chairman / CEO has
significant experience, along with other executives.


As a key component of this objective, the Board is pleased to announce that it
has entered into heads of terms for the proposed acquisition of a record
company, subject to a number of matters including due diligence, contract and
the approval of shareholders.


The proposed acquisition is of sufficient size, under the AIM Rules, to be
considered a reverse takeover that would require the trading in the Company's
shares to be suspended, pending publication of a circular containing full
details of the acquisition. The Board believes that any publication of the
Company's accounts without full reference to the acquisition would be less than
meaningful to the Company's shareholders following this significant change in
strategic direction.


The Directors have secured short term finance to ensure sufficiency of working
capital whilst this acquisition is completed. Given the change in the strategic
direction of the business, it is imperative that the Company completes this, or
a similar, acquisition in the near future in order to have viable long term
trading prospects.


Once ongoing negotiations and due diligence are successfully completed, a
circular relating to the acquisition will be sent to shareholders as soon as
practicable. It is expected that the Company will announce its results, and will
post its report and accounts to shareholders at the same time.



1 April 2003


Enquiries

Arthur Shaw & Company PLC              020 7706 7304






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

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