The Board of Newcastle United notes the announcement by SJHL regarding its acquisition of 55,342,223 Newcastle United shares at a price of 100 pence per ordinary share, and the terms of a mandatory cash offer of 100 pence per ordinary share in accordance with the provisions of Rule 9 of the City Code on Takeovers and Mergers (the "Code") for all of the issued and to be issued share capital of Newcastle United which is not already owned by SJHL.

The Board of Newcastle United will meet to consider the offer shortly. Newcastle United shareholders are urged to take no further action at this stage.

A further announcement will be made in due course.

In accordance with Rule 2.10 of the Code, Newcastle United confirms that it has 133,107,121 ordinary shares of 5 pence each in issue and admitted to trading on the London Stock Exchange under the UK ISIN code GB0006572795.