Regulatory News Announcement - Response to lapsed offer

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MINERVA PLC - RESULT OF KIFIN OFFER 

The Board of Minerva plc ("Minerva" or the "Company") notes the announcement made by KiFin
Limited ("KiFin") today that its Offer has lapsed with acceptances in respect of 133,809 Shares, representing 0.08 per cent. of the issued Share Capital of Minerva.

The Board welcomes the rejection by Shareholders of KiFin's Offer, which it believes significantly undervalued Minerva.  The Board is focused on and remains fully committed to delivering the full
value potential of its portfolio for all Shareholders.

Oliver Whitehead, Chairman of Minerva, commented:

"Minerva has high quality developments in excellent locations that are being delivered into a supply constrained market. The Board looks forward to realising the value upside that this will bring in an improving market, for the benefit of all shareholders, without unnecessary distraction."

Enquiries:

Minerva plc                                                                020 7535 1000

Oliver Whitehead, Chairman

Salmaan Hasan, Chief Executive

Ivan Ezekiel, Finance Director                

Greenhill & Co. International LLP                            020 7198 7400
James Lupton
Brian Cassin

Citigroup Global Markets Limited                             020 7986 4000

Andrew Forrester

Brunswick Group LLP                                               020 7404 5959
Simon Sporborg

Tom Williams

Forward Looking Statements  

This document contains statements that are or may be forward-looking with respect to the financial condition, results of operations and businesses of Minerva and the Minerva Group. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, valuation, performance or achievements of Minerva and the Minerva Group, or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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