Water Hall Group Plc
31 July 2007
Water Hall Group plc ('WHG')
Re: Premier Asset Management PLC ('Premier')
Water Hall Group plc ('WHG'), notes the response from the Independent Directors
of Premier Asset Management PLC ('Premier') to its letter to Premier
shareholders which was posted on 27 July 2007.
While the Independent Directors of Premier in their response have recited large
sections of the Offer document, WHG notes that they have failed to address the
material issues raised by WHG in its letter, particularly why they have been
advised the value of the Offer is fair and reasonable in relation to a business
which has achieved recent significant growth and which the Board itself
considers to have strong growth potential. Accordingly, WHG now invites the
Independent Directors to address these issues.
Enquiries:
Raschid Abdullah, Chairman
Water Hall Group plc +44 (0)1483 452 333
David Bick/Mike Feltham
Holborn Public Relations +44 (0)20 7929 5599
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