RNS No 4192v
ACORN GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    ACORN GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    SEE SCHEDULE TO MERRILL LYNCH LETTER BELOW

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

    SEE 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

    SEE 2 ABOVE

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

    ORDINARY 10P

10) Date of transaction

N/A

11) Date company informed

    2.9.98

12) Total holding following this notification

    SEE 2 ABOVE

13) Total percentage holding of issued class following this notification

    SEE 2 ABOVE

14) Any additional information

N/A

15) Name of contact and telephone number for queries

    RICHARD CONWAY  -  01223 725002

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification...2ND SEPTEMBER 1998.....................


LETTER TO: ACORN GROUP PLC

Companies Act 1985 ss 198-202 (as amended)

We understand that Mercury Asset Management Ltd. ('MAM') has disclosed that they
no longer have a disclosable interest under the above legislation.

We wish to notify you, by reason of the provisions of section 203 of the above
Act, that the companies, the names and addresses of which are set out in the
Schedule to this letter (which are holding companies of MAM) no longer have an
interest as previously disclosed by us and we should be grateful if you would
treat this letter as making such disclosure on its behalf.

LETTER FROM:  MERRILL LYNCH & CO. INC.


                            SCHEDULE

Name                          Address

Mercury Asset                 33 King William Street
Management Group Ltd          London EC4R 9AS

ML Invest plc                 25 Ropemaker Street
                              London EC2Y 9LY

ML Invest Holdings            25 Ropemaker Street
Limited                       London EC2Y 9LY

ML Invest, Inc                World Financial Center
                              North Tower
                              250 Vesey Street
                              New York
                              NY 10281-1332

Merrill Lynch Group           World Financial Center
Inc.                          North Tower
                              250 Vesey Street
                              New York            
                              NY 10281-1332

Merrill Lynch & Co., Inc.     World Financial Center
                              North Tower
                              250 Vesey Street
                              New York
                              NY 10281-1332


               DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    ACORN GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    MERCURY ASSET MANAGEMENT LTD AND ITS AFFILIATES IN THE MERCURY ASSET
    MANAGEMENT GROUP

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

    SEE 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

N/A

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

    ORDINARY 10P

10) Date of transaction

N/A

11) Date company informed

    2.9.98

12) Total holding following this notification

    SEE COPY LETTER BELOW

13) Total percentage holding of issued class following this notification

    SEE COPY LETTER BELOW

14) Any additional information

N/A

15) Name of contact and telephone number for queries

    RICHARD CONWAY  -  01223 725002

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification...2 SEPTEMBER 1998.....


LETTER TO: ACORN GROUP PLC

Companies Act 1985 ss. 198-202 (as amended)

We are advised that for the purposes of the above provisions neither Mercury
Asset Management Ltd nor any of its affiliates in the Mercury Asset Management
Group, has a notifiable interest in the relevant share capital of your company
as of, 26th August, 1998.

LETTER FROM: MERCURY ASSET MANAGEMENT


END

HOLSSMSADUAUFIU


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