RNS No 2149x
LOPEX PLC
1st June 1998

                        Lopex plc ("Lopex")
                                       
             Acquisition of Compass Marketing for a maximum #2.7m

Lopex, the communications and marketing company, has agreed terms for the
acquisition of Compass Marketing which operates within the sales promotion
area in the UK and Ireland.  Compass Marketing specialises in devising and
administering loyalty schemes typically involving the use of bank credit
cards.  Points are accumulated from the use of the cards at specified
retailers and other service providers and are then redeemed against the cost
of the client's products or services.  Compass's clients include Scottish
Power, Airtours and Eircell in Ireland.

In the year to 30 September 1997, the business was carried on by Mr George
Mills as a sole trader.  During that period, unaudited pre-tax profit was
#197,000 before salary or drawings by Mr Mills.  Net assets at 30 September
1997 were #59,000.

Lopex has agreed to acquire the entire issued share capitals of Compass
Telecommunications Limited and Cadet Business Limited (collectively trading as
Compass Marketing) for an initial consideration of #500,000 in cash payable on
completion, plus a further cash amount equivalent to seven times the average
annual pre-tax profits for the 39 months from 1 October 1996 to 31 December
1999, less the #500,000 previously paid.  However, Lopex will have the option
to pay up to 50 per cent. of this amount by the allotment of ordinary shares
calculating the value of each share at the average of the middle market price
over the five consecutive dealing days ending two days prior to allotment.
Lopex will deduct and retain 35 per cent. from this further amount which will
only become payable if the pre-tax profit for the year ended 31 December 2000
is at least equal to the previous year.  In the event of a
shortfall, #4.44 for every #1 of shortfall will be deducted from the
retention.  An additional sum equal to the net current asset at 30 April 1998
will be payable at completion.  There is an overall cap on the consideration
of #2.7 million.  The cash element will be funded from existing resources and
a new bank facility.

Completion is expected to take place on 8 June 1998.

Peter Thomas, Chief Executive of Lopex commented:

"Compass Marketing will be rebranded under the Purchasepoint name, our sales
promotion brand, and will add regional coverage, critical mass and loyalty
card expertise to the Lopex group's marketing services activities.
Furthermore, there will be opportunities to cross-sell other Lopex group
services to Compass Marketing's blue chip client base and their extensive list
of marketing partners.

This latest earnings enhancing acquisition marks a further stage in the growth
of Lopex as a leading marketing communications group."



Enquiries:     Lopex plc      Peter Thomas        0181 254 1790
               Hudson Sandler Piers Hooper        0171 796 4133


END

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