LONDON, July 8, 2003 (PRIMEZONE) -- On July 8, 2003 Cordiant (NYSE:CDA) (LSE:CRI) received from lawyers acting for Mme N Ojjeh, a letter from Mme N Ojjeh dated July 5, 2003, stating that she had built a stake in the Company during the period from June 10, 2003 to July 4, 2003 of approximately 10.75%. The letter stated that Mme N Ojjeh's interest in Cordiant is held directly in her name, through members of her immediate family, and through an offshore entity controlled by her. Amongst other matters set out in the letter Mme N Ojjeh confirmed that she has not had any contact at this time with Active Value. The Company understands from this letter that Mme N Ojjeh will be making full disclosure of her interests and dealings in the Company.
July 8, 2003 Enquiries: College Hill Tel: +44 (0) 20 7457 2020 Alex Sandberg Adrian Duffield