ACH Achp

RNS No 5142w
ACATOS & HUTCHESON PLC
20th July 1998


Acatos & Hutcheson plc (the "Company") has exchanged contracts for the sale of
its former manufacturing sites at Bootle, Merseyside and Trafford Park,
Manchester to Peers Hunt & Company Limited (a subsidiary of Texas Group plc) for
#5.9 million to be satisfied on completion in cash. 

The sites became surplus to the Company's requirements following the transfer
of production to new facilities at Orchard Place, London. The sites consisting
of freehold and long leasehold land, together with buildings, plant and
machinery, had a net asset value to the Company of #4.4 million. As the sites
are no longer in production, there are no profits attributable to the assets.

The sites are being sold for redevelopment as they stand, with the Company
having no ongoing obligations for dismantling plant or site clearance. The
Company will, however, retain use of office facilities at the Bootle site until
the year end. 

The sale proceeds will be used to reduce borrowings associated with investments
on the Orchard Place, London site. 

END

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