RCG Holdings Limited Announces Extension of Offers for DONCASTERS plc, England.

Business Editors

LONDON--(BUSINESS WIRE)--June 7, 2001

RCG Holdings Limited ("RCGH") announces that the initial offer period for the recommended cash offer (the "Offer") for all of the issued and to be issued share capital of DONCASTERS plc (NYSE:DCS) ("DONCASTERS"), which was scheduled to expire at 10:00 A.M., New York City time and 3.00 P.M., London time, Thursday, June 7, 2001, has been extended to 10:00 A.M., New York City time and 3:00 P.M., London time on Thursday June 28, 2001, being 15 business days after expiration of the original initial offer period.

The extension is required because not all of the conditions to the Offer have been satisfied or waived, including, among other things, the expiration or termination of the waiting period applicable under U.S. foreign investment regulations and the receipt of required regulatory approvals under the competition laws of the United Kingdom and Germany. In particular, on May 25, 2001 the Director General of Fair Trading in the United Kingdom gave notice that the period for consideration of the Merger Notice under the Fair Trading Act of 1973 has been extended until June 22, 2001.

As previously announced, RCGH and DONCASTERS have entered into agreement on the terms of the Offer pursuant to which RCGH has offered to acquire all of the issued and to be issued share capital of DONCASTERS (including those DONCASTERS Ordinary Shares underlying the DONCASTERS American Depositary Shares (the "DONCASTERS ADSs", and collectively with DONCASTERS Ordinary Shares, the "Shares")). Under the terms of the Offer, RCGH has offered US$27.50 per DONCASTERS ADS in cash. Each DONCASTERS ADS represents two DONCASTERS Ordinary Shares.

The Offer is conditioned upon, among other things, DONCASTERS shareholders tendering and not withdrawing prior to the expiration of the initial offer period Shares representing not less than 90% (or such lower percentage as RCGH may decide, but in any case greater than 50%) in nominal value of the Ordinary Shares to which the Offer relates. The Offer has been extended on the terms and conditions stated in the Offer to Purchase, dated May 9, 2001, which is available from the information agent for the Offer, MacKenzie Partners, Inc.; 156 Fifth Avenue, New York, New York 10010; Call Toll Free [phone]; Call Collect [phone]. The Dealer Manager for the Offer is J.P. Morgan Securities Inc.; Call Toll Free [phone]; Call Collect (212)-648-1995.

The availability of the Offer to DONCASTERS shareholders who are not resident in the United States or the United Kingdom may be affected by the laws of the relevant jurisdictions. DONCASTERS shareholders who are not resident in the United States or the United Kingdom should inform themselves about and observe any applicable requirements.

The Offer is not being made, directly or indirectly, in or into Canada, Japan or Australia, or by use of the mails of, or by any means or instrumentality (including without limitation, facsimile transmission, e-mail, telex or telephone) or inter-state or foreign commerce of, or any facilities of a national securities exchange of Canada, Japan or Australia. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise distributed or sent in or into or from Canada, Japan or Australia and doing so may invalidate any purported acceptance of the Offer.

This announcement has been approved for the purposes only of section 57 of the U.K. Financial Services Act 1986 by J.P. Morgan plc ("JPMorgan plc"), which is regulated in the United Kingdom by The Securities and Futures Authority Limited. JPMorgan plc and JP Morgan Securities Inc. ("JPMorgan") are acting for RCG Holdings and no one else in connection with the Offer and will not be responsible to anyone other than RCG Holdings for providing the protections afforded to customers of JPMorgan plc and JPMorgan or for giving advice in relation to the Offer.

Credit Suisse First Boston (Europe) Limited which is regulated in the United Kingdom by The Securities and Futures Authority Limited, and its affiliates are acting for DONCASTERS and no one else in connection with the Offer and neither Credit Suisse First Boston (Europe) Limited nor any of its affiliates will be responsible to anyone other than DONCASTERS for providing the protections afforded to customers of Credit Suisse First Boston (Europe) Limited and its affiliates under U.K. law or for giving advice in relation to the Offer.

This release may contain forward-looking statements, including statements about future business operations, financial performance and market conditions. Such forward looking statements involve risks and uncertainties inherent in business forecasts. This release is neither an offer to purchase nor a solicitation of an offer to sell securities of DONCASTERS plc. The tender offer is being made solely by an offer to purchase and related letter of transmittal and form of acceptance disseminated upon the commencement of the tender offer and amended from time to time. DONCASTERS shareholders are advised to read the tender offer statement, offer to purchase, solicitation/recommendation statement and the related documentation because they contain important information.

Free copies of the Tender Offer Statement, which contains the Offer to Purchase, and free copies of the Solicitation/Recommendation Statement, and DONCASTERS' other filings with the SEC may be obtained from DONCASTERS. Free copies of RCGH's filings may be obtained by directing a request to MacKenzie Partners, Inc., address: 156 Fifth Avenue, NY, NY 10010, USA; telephone: Call Toll Free [phone]; Call Collect [phone].