RNS No 1187p
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

10P ORDINARY

10) Date of transaction

N/A

11) Date company informed

15.12.98

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 725000

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

    Date of Notification...16 DECEMBER 1998.....


Letter to Acorn Group plc

                 Companies Act 1985 ss 198-202 (as amended)

This letter serves as notification, by reason of the provisions of section 203
of the above Act, that:

a)   the companies the names and addresses of which are set out in the first
part of the Schedule to this letter Mercury Asset Management Ltd. have the
interests in relevant share capital of your company disclosed in the first
attachment to this letter.

b) the companies, the names of which are set out in the second part of the
Schedule to this letter, which are holding companies of Mercury Asset Management
Ltd. and of certain other companies, have the interests in relevant share
capital of your company disclosed in the first attachment to this letter and the
additional interests (if any) disclosed in the second attachment to this letter.

Letter from Merrill Lynch & Co., Inc.

                                SCHEDULE

                                 Part 1

Name               

Mercury Asset                        
Management Group Ltd.                

ML Invest plc                
                             
ML Invest Holdings                 
Limited                            

ML Invest, Inc               
                            

                                  Part 2

Merrill Lynch Group            
Inc.                           
                               
Merrill Lynch & Co., Inc.      
                               
                               

Company Name:       Acorn Group plc               Date: 10th December, 1998

Class of Shares:    10p Ordinary shares           

Total Interest held by: Mercury Asset Management Ltd 9,254,859     (9.99%)

Made up as follows:


Registered Holder                       Number of      Investment    Beneficial
(if known)                              Shares         Management    Interests?
                                                       Company (if   (Yes/No)
                                                       separately
                                                       disclosable)

Nutraco Nominees Ltd                    5,291,164                    No
(Designated & Undesignated)

Mercury Life Nominees Ltd                 160,000                    Yes
A/C NONCERT

Nortrust Nominees Ltd                     269,299                    No

Chase Nominees Ltd                      2,105,000                    No

State Street Nominees Ltd               1,000,000                    No

Other                                     429,396                    No


TOTAL                                   9,254,859



Company:  Acorn Group plc               as of:   December 10, 1998

Class of shares:  10p Ord

Each company named below is interested in the aggregate number of the shares
identified above set opposite its name.  Where the number includes shares
additional to those shown in the first schedule to the accompanying letter,
certain further details are also set out below.

                                              Requisite details in respect of
                                              shares additional to those shown
                                              in the first schedule

                    Aggregate number of  Number and (if known)  Interest within
Company             shares interested in registered holder      section 208
                                                                (5) Companies
                                                                Act 1985

Merrill Lynch & 
Co., Inc                  9,304,859           50000                   -

Merrill Lynch Group,
Inc                       9,254,859              -                     -


END


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