RNS Number:6944Q
Tarsus Group PLC
09 October 2003

                        Tarsus Group plc (the "Company")

                                PROPOSED PLACING

The Company is pleased to announce that it intends to raise approximately #2.07
million (approximately #2.0 million net of expenses) in cash through the issue
of 4,063,150 new ordinary shares of 5p each in the capital of the Company (the
"Placing Shares") (the "Placing").

The Placing Shares will be allotted and issued on a non-preemptive basis and
will be placed with institutional investors by KBC Peel Hunt Ltd ("KBC Peel
Hunt"). They will be placed at 51p per share (the "Placing Price") representing
a discount of approximately 8.9 per cent below the closing mid-market price on 8
October 2003 (the last practicable date prior to the date of this announcement).
The Placing Shares will rank pari passu in all respects with the existing
ordinary shares of 5p each in the capital of the Company and will rank for all
dividends declared or paid after the date of their issue. They may be issued in
certificated form or, at the option of the placees, admitted to the CREST
system.

The net proceeds of the Placing will be used to provide the Tarsus Group with
additional working capital to finance the acceleration of its organic launch
programme and to reduce debt.

The Company has today entered into a placing agreement with KBC Peel Hunt (the
"Placing Agreement") pursuant to which KBC Peel Hunt has agreed to use its
reasonable endeavours to procure subscribers for the Placing Shares.

The Placing is conditional on the passing of a special resolution to be proposed
at an extraordinary general meeting of the Company to be held at 11.00 a.m. on 3
November 2003. The purpose of this resolution is to increase (by an amount equal
to 9.99 per cent. of the existing issued share capital of the Company) the
number of shares which may be issued by the Directors for cash on a
non-preemptive basis. The Placing is also conditional on the Placing Agreement
becoming unconditional and on admission of the Placing Shares to the Official
List and to trading on the London Stock Exchange's market for listed securities
("Admission"). It is expected that Admission will take place and dealings in the
Placing Shares will commence on 4 November 2003. Notice of the extraordinary
general meeting is being sent to shareholders today.

A copy of the circular containing the notice of the extraordinary general
meeting has been submitted to the UK Listing Authority, and will be available
for inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Telephone Number: (0)20 7676 1000

Recent developments

On 15 September 2003 the Company announced its interim results for the six
months ended 30 June 2003 and the Company has since sent those results to
shareholders. Since that announcement, Labelexpo Europe 2003, the largest event
in the Tarsus portfolio, was held in Brussels on 24-27 September. The event
welcomed over 20,000 attendees, making it the best attended Labelexpo to date.
Rebookings for the next edition of the show in 2005 represent over 80 per cent.
of the volumes of the 2003 edition.

This biennial event is part of an expanding Labelexpo global series, which now
includes launches in China (December 2003), Russia (March 2004) and Latin
America (June 2004). The traditional biennial show in the USA will take place in
September 2004 and the traditional South East Asia show will take place in
Singapore in November 2004.

As already stated in our interim results, the other major event of the second
half, the Off-Price August discount clothing exhibition in Las Vegas, also
achieved a record performance.


9 October 2003

For further information:

Douglas Emslie, Group Managing Director Tel: 020 8846 2700



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