RNS Number:2252I
Capital Management And Investment 
03 March 2003

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

For immediate release
                                                                    3 March 2003



                      Capital Management & Investment PLC

                                  Banking Fees


Following the announcement by Capital Management and Investment PLC ("CMI") this
morning of its offer to acquire Six Continents PLC ("Six Continents"), CMI
wishes to clarify the level of banking commitment fees in relation to its
committed facilities provided in connection with its offer for Six Continents.
CMI has to date incurred commitment fees of approximately #4.4 million.

A condition to CMI's offer is the Board of Six Continents adjourning for at
least 65 days or not holding the court meeting and extraordinary general meeting
to consider the Demerger Proposals or, if the meetings are held, Six Continents
Shareholders not passing the resolutions required to approve the Demerger
Proposals.  In the event that this condition is met the level of banking
commitment fees will rise to #8.8 million.


Enquiries

CMI:                                        Tel:     00  44 (0) 20 7725 0814
Hugh Osmond

Citigate Dewe Rogerson:                     Tel:     00 44 (0) 20 7638 9571
Anthony Carlisle (+44 (0)7973 611888)
Sue Pemberton



This announcement does not constitute an offer or invitation to purchase any
securities.

This document has been issued by Capital Management and Investment PLC and has
been approved by Credit Suisse First Boston (Europe) Limited and Lehman Brothers
Europe Limited solely for the purposes of section 21 of the Financial Services
and Markets Act 2000.

Credit Suisse First Boston (Europe) Limited, which is regulated by The Financial
Services Authority, is acting for Capital Management and Investment PLC and no
one else in connection with the matters referred to in this announcement and
will not be responsible to any person other than Capital Management and
Investment PLC for providing the protections afforded to clients of Credit
Suisse First Boston (Europe) Limited or for providing advice in relation to the
matters referred to in this announcement.

Lehman Brothers Europe Limited, which is regulated by The Financial Services
Authority, is acting for Capital Management and Investment PLC and no one else
in connection with the matters referred to in this announcement and will not be
responsible to any person other than Capital Management and Investment PLC for
providing the protections afforded to clients of Lehman Brothers Europe Limited
or for providing advice in relation to the matters referred to in this
announcement.

The directors of Capital Management and Investment PLC accept responsibility for
all the information contained in this announcement save that the only
responsibility accepted by them in respect of information relating to Six
Continents PLC and its directors (which has been compiled from public sources),
has been to ensure that such information has been correctly and fairly
reproduced and presented.  Save as aforesaid, to the best of the knowledge and
belief of the directors of Capital Management and Investment PLC (who have taken
all reasonable care to ensure that such is the case), the information contained
in this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information.

This announcement is not being released, published or distributed in or into the
United States, Canada, Australia or Japan.  Accordingly, copies of this
announcement are not being, and must not be, mailed or otherwise distributed or
sent in or into or from the United States, Canada, Australia or Japan.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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