Not for release, publication or distribution in whole or in part, in, into or from Australia, Canada, Japan or the United States

17 February 2006

Recommended Cash Offer ("the Offer") by MOP Acquisitions (CS) Limited, a subsidiary of MOP (LAF) Limited, for Crown Sports plc ("Crown Sports" or the "Company")

The Crown Sports Directors and the Board of the Offeror announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Crown Sports.

The Offer will be 13.2 pence in cash for each Crown Sports Share, valuing the entire issued share capital of Crown Sports at approximately £38.4 million.

The Offer represents a premium of approximately 70 per cent. to the Closing Price of 7.75 pence per Crown Sports share on 16 February 2006, the latest practicable date prior to the date of this Announcement.

The Crown Sports Directors and certain other Crown Sports Shareholders have irrevocably undertaken to accept the Offer in respect of 264,273,623 Crown Sports Shares representing approximately 90.9 per cent. of the existing issued ordinary share capital of Crown Sports. These undertakings will cease to be binding only if the Offer lapses or is withdrawn and remain binding in the event that a higher competing offer is received. The Offeror intends to declare the Offer wholly unconditional once the Receiving Agent has confirmed to the Offeror in accordance with Rule 10 of the Code that valid acceptances have been received in respect of 90% of the nominal value of the Crown Sports Shares to which the Offer relates.

For further information please contact:

Luke Withnell
McQueen Limited
020 7484 8800

This summary should be read in conjunction with the full text of the announcement below:

http://www.companyannouncements.net/cgi-bin/articles/200602171643466121Y.html