Following the approval of shareholders at the Extraordinary General Meeting held on 27 October 1997, BG plc has implemented its capital reorganisation and dealings in the new ordinary shares and B shares have now started.

The terms of the capital reorganisation gave shareholders the choice of selling their B shares for their nominal value of 30 pence, free of all dealing expenses and commissions, via a repurchase offer which closed on 31 October 1997. As at the closing date, more than 540,000 repurchase offer forms had been received, representing nearly 80% of the B shares. The B shares are expected to be repurchased on Friday, 7 November 1997 and share sales advices and cheques for them will be sent out by 10 November 1997. Share certificates for the new ordinary shares and cheques for fractional entitlements will be sent out by 14 November 1997. Share certificates for unsold B shares will be sent out starting on 20 November 1997.

As part of the approvals given by shareholders to the proposals, the company has the power to make further offers to repurchase B shares and will keep the possibility of making further repurchase offers under review.