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03/03/2003

SIX CONTINENTS PLC - Six Continents Board notes CMI's unsolicited offer

3 March 2003

SIX CONTINENTS PLC - Six Continents Board notes CMI's unsolicited offer

Not for release, publication or distribution in whole or in part in or into Australia, Canada, Japan or the Netherlands

The Board of Six Continents PLC ("Six Continents") notes the unsolicited offer announced this morning by Capital Management & Investment PLC for the entire issued share capital of Six Continents.

A further announcement will be made by the Board shortly.

Enquiries:

Tim Clarke 020 7409 1919
   
Richard North 020 7409 1919
   
Fiona Antcliffe 020 7404 5959

This announcement does not constitute an offer or invitation to purchase securities.

Salomon Brothers International Limited, trading as Schroder Salomon Smith Barney, is acting as financial adviser to Six Continents and to nobody else in connection with the proposed separation and return of capital and the offer and as sponsor to InterContinental Hotels Group PLC ("IHG") and Mitchells & Butlers PLC ("MAB") in connection with the admission of the ordinary shares of IHG and MAB to the official list of the UK Listing Authority ("Admissions") and will not be responsible to anyone else for providing the protections afforded to its clients nor for providing advice in relation to the separation and return of capital, the Admissions or the offer.

Merrill Lynch is acting as financial adviser to Six Continents and to nobody else in connection with the offer and will not be responsible to anyone else for providing the protections afforded to its clients nor for providing advice in relation to the offer.

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