Georgica plc

("Georgica" or the "Company")

ENDING OF OFFER PERIOD

The board of Georgica announced on the 30 July 2007 that it had been approached by a number of parties who were potentially interested in making an offer for the Company.

The board has held discussions with a number of parties including potential trade buyers and private equity firms.    Several indicative offers were received but due to both a difficult banking market and deteriorating trading conditions, none of these has resulted in an acceptable offer for the company.   All discussions have therefore been terminated.

The board remains committed to realising shareholder value.  The sale of Rileys and a number of freehold and long leasehold properties earlier this year realised an aggregate £118 million.  Georgica is now focussed on tenpin bowling with a minimal level of debt.   Further, Georgica still owns a number of freehold and long leasehold properties that it expects to sell in due course. 

The board will continue to seek ways to realise value for shareholders.  Further announcements will be made when appropriate.

For further information please contact:

J.N. Oppenheim                        020 7600 7900

Nicholas Wells

Cenkos Securities plc     020 7397 8920

ENDS