I found this info from a google search. 
 http://www.hmshood.com/models/icm/icm350.html The long and the short of it seems "don't hold your breath." 
Drat, when I saw your post about a new 1/350th Hood I started drooling. Other than paying huge bucks for a resin kit I would give a lot to have a GOOD HMS Hood, in a real scale, i.e. 1/350, and have her look like she did when she met the Bismarck. I can't understand why plastic manufacturers have NOT done a good Hood up to now. Along with the Bismarck the Hood has got to one of the most famous ships in WWII. Why, or why, doesn't Tamiya make a 1/350 Hood, 1941 rig?