RNS No 3459n
METALRAX GROUP PLC
8 April 1999

#3m Acquisition for Metalrax Group

Metalrax Group PLC today announces that it has acquired the entire issued share
capital of RTA Wine Rack Company Limited ("RTA").

Norfolk-based RTA is the world's largest specialist manufacturer of wine racks. 
RTA sells wine racks to more than 50 countries worldwide and won the Queen's
Award for Export in 1994 and again in 1997.

The consideration is #3 million cash on completion and a further amount equal to
the lower of #500,000 and 5/6ths of the pre-tax profits of RTA for the year to
31st January 2000.

RTA made a pre-tax profit of #273,000 in the year to 31st January 1999 and had
net assets of #1 million at that date.

The principal vendor, Mr T.J. Arthur, has entered into a service agreement with
RTA for three years after completion.  Existing management of RTA will remain
with the Company.

The acquisition of RTA will extend the product range and customer base of the
group's housewares division.

There are excellent opportunities for synergy in this acquisition.  Metalrax is
able to introduce RTA to large potential customers in the UK, and RTA's export
coverage should show substantial benefits in overseas sales for the group.  In
addition, Metalrax companies in the USA will assist RTA with their North
American penetration.

Further information:
Mr Eric Moore, chairman
Telephone: 0121-433 3444

END

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