RNS Number:7625T
Resurge PLC
31 December 2003


Resurge plc ("Resurge")

Disposal of Chartcity Limited

The Board of Resurge announces that it has sold the ordinary share capital of Chartcity Limited to Murray Financial 
Corporation PLC ("MFC") a company in which Resurge holds 29.9% of the ordinary shares.

Chartcity Limited operates seven pubs in London and the South of England trading as "The Front Room". It was set up in 
October 2003 to acquire the business out of receivership for a total of #1.5 million, payable as leases are assigned to 
Chartcity.

MFC has acquired the entire issued share capital of Chartcity for #1,000 and has made a secured loan of up to #1.5 
million to Chartcity, of which approximately #390,000 has been drawn down to repay a similar facility provided by 
Resurge plc. The management of Chartcity has been granted an option to acquire up to 49% of the issued share capital for
a nominal consideration.

The acquisition is in line with the previously announced strategy to reposition
MFC to take advantage of opportunities in the leisure sector. The transaction is not a material one to Resurge.


The Directors of Resurge, with the exception of Messrs. Constable and Rowland
(who by nature of their position as directors of both parties to the transaction
are considered related parties and have therefore abstained from any decisions
relating to the transaction), can confirm, having consulted the company's
nominated adviser, that the terms of the acquisition are fair and reasonable
insofar as its shareholders are concerned.

Date: 31 December 2003

For further information, please contact:

Resurge PLC, Tel; 020 7233 4270

Jonathan Rowland, Joint Managing Director

Jamie Constable, Joint Managing Director


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