Investor Relations

RNS Number:8363G

Fortress Finance Investment Inc.

24 December 2004



                                                        FORM SAR 3





                                       Date of disclosure........ 24.12.2004



                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING

                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")



                 

Date of acquisition............... 24 DECEMBER 2004 ......................



Acquisition in.......... PORTMEIRION GROUP PLC ......(name of company)





(1) Class of voting shares    Number of shares/rights   If rights over shares

    (eg ordinary shares)      over shares acquired      acquired, as opposed

                                                        to the shares

                                                        themselves, specify

                                                        nature of rights



    .. ORDINARY ...           ...  100'000 ...shares    .....................

                              ...N/A..........rights





(2) Resultant total holding   Resultant total holding   Total percentage

    of voting shares (and %   of rights over shares

    of total voting shares    (and % of total voting

    in issue)                 shares in issue)



    2'158'500 = 20.71%        ...............(    %)    ...  20.71% (    %)





(3) Party making disclosure.......FORTRESS FINANCE INVESTMENT INC:  .......  



(4)  (a)  Name of person acquiring shares or rights over shares .. SEE (3)

          and, if different, beneficial owner............................... 



     (b)  Names of any other persons acting by

          agreement or understanding (see SAR 5)............................





Signed, for and on behalf of the party named in (3) above...................



(Also print name of signatory)........EWALD J SCHERRER /  NICHOLAS DALE



Telephone and extension number........ +41 58 2067415 (LIVIANA OEZCEBI) .....



Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by

agreement or understanding must be aggregated and treated as a holding of or

acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate

holdings to disclose certain disposals.



Note 2: The resultant total percentage holding of voting shares and rights over

shares is to be calculated by reference to the percentage held and in issue

outside treasury.



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the

SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring

Section, Tel. No: 020 7638 0129. E-mail: monitoring@disclosure.org.uk













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