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BEAZER ORDINARY ACCEPTANCES AT 75.5 PERCENT; HANSON CHANGES ACCEPTANCE CONDITION TO 75 PERCENT AND EXTENDS OFFER TO DEC. 4

BEAZER ORDINARY ACCEPTANCES AT 75.5 PERCENT; HANSON CHANGES ACCEPTANCE
 CONDITION TO 75 PERCENT AND EXTENDS OFFER TO DEC. 4
 NEW YORK, Nov. 26 /PRNewswire/ -- Hanson PLC (ADRs - NYSE: HAN) announced that by 4:00 p.m. London time (11:00 a.m. EST) on Nov. 26, 1991, HB Acquisitions PLC, a wholly owned Hanson subsidiary, had received valid acceptances for its offer for all the ordinary share capital of Beazer PLC (ADRs - NYSE: BZR) in respect of a total of 214,845,280 ordinary shares (including ordinary shares evidenced by American Depositary Shares), representing 75.5 percent of the issued ordinary share capital. This amount excludes acceptances pursuant to guarantees of delivery which, in accordance with the requirements of the City Code, cannot be treated as valid acceptances until the relevant certificate or book-entry transfers have been received or confirmed.
 In view of the level of acceptances of the ordinary offer, HB has decided that under condition (i) of the ordinary offer, it will now require valid acceptances at the time the offer would otherwise be able to be declared wholly unconditional in respect of not less than 75 percent (or such lesser percentage as HB may decide) instead of 90 percent of the Beazer ordinary shares to which the ordinary offer relates, subject to the proviso contained in that condition.
 The terms of the ordinary offer require that the offer remains open for not less than five business days from the date of publication of the announcement of this amendment. Accordingly, the initial offer period of the ordinary offer, which is scheduled to expire at 10:00 p.m. London time (5:00 p.m. EST) today has been extended to 2:00 p.m. London time (9:00 a.m. EST) on Wednesday, Dec. 4, 1991. For convenience, it has been decided to extend the preference offer to the same time and date.
 By 4:00 p.m. London time (11:00 a.m. EST) on Nov. 26, 1991, HB had received valid acceptances of the offer for all the issued preference share capital of Beazer in respect of a total of 46,561,451 preference shares, representing 93.12 percent of the issued preference share capital.
 The acceptances above of the ordinary and preference offers include 4,000 ordinary shares (representing 0.001 percent of the issued ordinary share capital) held by A. G. L. Alexander, a director of Hanson, and 500,000 Beazer preference shares held by Hanson group pension funds (representing in aggregate 1 percent of the issued preference share capital). Since the announcement of the offers Hanson has purchased for cash 3,850,000 Beazer preference shares (representing 7.7 percent of the issued preference capital), all of which shares have been assented to the preference offer. Apart from those holdings and acceptances under the offers, neither Hanson nor HB nor any persons acting in concert with them had any interest immediately prior to the making of the offers or own or have any interest in Beazer's issued share capital.
 This announcement has been approved by N. M. Rothschild & Sons Limited, a member of the SFA, for the purposes of Section 57 of the Financial Services Act 1986.
 -0- 11/26/91
 /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/
 (HAN BZR) CO: Hanson PLC; Beazer PLC ST: IN: SU: TNM


GK -- NY041 -- 7253 11/26/91 11:45 EST
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Date:Nov 26, 1991
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