GIANT GROUP Announces Tender Offer

Apr 20, 2001, 01:00 ET from GIANT GROUP, LTD.

    LOS ANGELES, April 20 /PRNewswire Interactive News Release/ -- GIANT
 GROUP, LTD. (OTC Bulletin Board:   GPOL) announced today that it is offering to
 purchase any and all outstanding shares of its Common Stock for $0.50
 (fifty cents) per share.  The Offer is conditioned upon, among other things,
 the tender by a sufficient number of shareholders such that following the
 Offer GIANT would have less than 300 shareholders.  The Offer is intended as a
 first step towards GIANT becoming a privately-held company.  Following the
 consummation of the Offer, GIANT intends to deregister its shares under the
 Securities Exchange Act of 1934.  The Offer expires on May 18, 2001, at
 5:00 p.m., New York City time, unless otherwise extended by GIANT at its
 discretion.
 
     Some of the statements contained in this press release are
 "forward-looking statements" within the meaning of Section 27A of the
 Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
 These statements address activities, events or developments that GIANT GROUP,
 LTD. (the "Company") expects, believes, anticipates or estimates will or may
 occur in the future; are based on assumptions and analyses that the Company
 has made and that it believes are reasonable under the circumstances when
 made; and are subject to many risks, uncertainties and other factors, many of
 which are beyond the control of the Company.
     The Company's actual results could differ materially from those
 anticipated in the forward-looking statements as a result of market
 conditions, the response of shareholders to the Offer to Purchase other risks,
 uncertainties and other factors, some of which are described in the Company's
 Form 10-K and other SEC filings which could materially affect the Company's
 future results of operations.  When considering these forward-looking
 statements, you should keep in mind the risk factors and other cautionary
 statements contained in this press release and associated Offer to Purchase.
 The Company will not update these statements unless the securities laws
 require it to do so.
 
     For further information regarding the Offer, contact GIANT's Executive
 Secretary at (310) 273-5678, or the Shareholder Relations Department at
 American Stock Transfer & Trust Company at (718) 921-8200.
 
 
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SOURCE GIANT GROUP, LTD.
    LOS ANGELES, April 20 /PRNewswire Interactive News Release/ -- GIANT
 GROUP, LTD. (OTC Bulletin Board:   GPOL) announced today that it is offering to
 purchase any and all outstanding shares of its Common Stock for $0.50
 (fifty cents) per share.  The Offer is conditioned upon, among other things,
 the tender by a sufficient number of shareholders such that following the
 Offer GIANT would have less than 300 shareholders.  The Offer is intended as a
 first step towards GIANT becoming a privately-held company.  Following the
 consummation of the Offer, GIANT intends to deregister its shares under the
 Securities Exchange Act of 1934.  The Offer expires on May 18, 2001, at
 5:00 p.m., New York City time, unless otherwise extended by GIANT at its
 discretion.
 
     Some of the statements contained in this press release are
 "forward-looking statements" within the meaning of Section 27A of the
 Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
 These statements address activities, events or developments that GIANT GROUP,
 LTD. (the "Company") expects, believes, anticipates or estimates will or may
 occur in the future; are based on assumptions and analyses that the Company
 has made and that it believes are reasonable under the circumstances when
 made; and are subject to many risks, uncertainties and other factors, many of
 which are beyond the control of the Company.
     The Company's actual results could differ materially from those
 anticipated in the forward-looking statements as a result of market
 conditions, the response of shareholders to the Offer to Purchase other risks,
 uncertainties and other factors, some of which are described in the Company's
 Form 10-K and other SEC filings which could materially affect the Company's
 future results of operations.  When considering these forward-looking
 statements, you should keep in mind the risk factors and other cautionary
 statements contained in this press release and associated Offer to Purchase.
 The Company will not update these statements unless the securities laws
 require it to do so.
 
     For further information regarding the Offer, contact GIANT's Executive
 Secretary at (310) 273-5678, or the Shareholder Relations Department at
 American Stock Transfer & Trust Company at (718) 921-8200.
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66087516
 
 SOURCE  GIANT GROUP, LTD.