REG-Capcon Holdings PLC: Offer Unconditional

Capcon Holdings Plc

MANDATORY CASH OFFER UNDER RULE 9 OF THE CITY CODE TO ACQUIRE SHARES IN CAPCON
HOLDINGS PLC BY PAUL JACKSON

17 August 2009

ANNOUNCEMENT - OFFER UNCONDITIONAL

(Rule 17.1 of the City Code on Takeovers and Mergers "Code")

In the Offer Document the Offeror stated that his Offer is conditional upon the
Offeror receiving acceptances (which are not, where permitted, withdrawn) in
respect of Shares which, together with the Shares acquired or agreed to be
acquired before or during the Offer, will result in the Concert Party holding
Shares carrying more than 50% of the voting rights then normally exercisable at
general meetings of the Company.

The Offeror has now received acceptances under the terms of the offer in
respect of a total of 832,276 Shares representing 7.13%of the voting capital of
the Company. These acceptances together with the Concert Party's interest in
5,197,820 Shares amount to 51.63% of the issued share capital of the Company.

As a result the Concert Party will hold Shares carrying more than 50% of the
voting rights then normally exercisable at general meetings of the Company and
accordingly this condition having been met the Offer is now unconditional.

The Concert Party also has option rights over 193,750 new Shares. Save for this
interest the Concert Party has no other interests in the Shares of the Company
that fall to be disclosed as required by Rule 17.1 (b), (c) or (d) of the Code.

Rule 31.4 provides that once an offer had become or is declared unconditional
as to acceptances it must remain open for acceptance for not less than 14 days
after the date on which it would otherwise expired. Accordingly the Offer will
remain open for acceptances until 1.00 pm on 2 September 2009 or such later
date as the Offeror, with the consent of the Takeover Panel, may decide.

In this announcement:

"Company" Capcon Holdings Plc registered in England and Wales under
number 4196004;

"Offer" the mandatory cash offer by the Offeror as set out in the
Offer Document;

"Concert Party" Kenneth Dulieu, Clifford Cavender, Paul Ashton and Paul
Jackson;

"Offeror" Paul Jackson;

"Shares" means the existing issued or unconditionally allotted and
paid (or credited as fully paid) ordinary shares of 1 pence
each in the capital of the Company and any further shares
which are unconditionally allotted or issued fully paid (or
credited as fully paid) on or prior to the date on which the
Offer closes and "Share" shall mean any one of the Shares;

"Offer Document" the offer document dated 28 July 2009 published on website

www.vantisplc.com/ClientRegulatoryAnnouncements

setting out the terms of the Offer;

END