PHD Proactis Holdings Plc

RNS No 4210m
PETERHEAD GROUP PLC
1st April 1998


Peterhead Group PLC ("Peterhead" or the "Company")

Peterhead announces that it has received approaches from a number of
parties expressing interest in purchasing its subsidiary Peterhead Crane
Company Limited ("PCCL").  One such approach has been received from the
financial advisers to a consortium in which Roger Taylor, currently
managing director of PCCL and a director of the Company, intends to
participate.  As a consequence, Roger Taylor has resigned as a director of
Peterhead and of PCCL.  In order to safeguard the interests of the Company,
the Board of Peterhead has engaged the services of individuals with
considerable experience in the industry, on a consultancy basis, who will,
inter alia, provide day to day management services to PCCL. and such other
assistance as may be required to facilitate or assist in the sale of PCCL.
These individuals will report directly to the Board of Peterhead on a daily
basis.

The discussions which the Board initiated to restructure the finances of
the Company are progressing, and negotiations with Peterhead's bankers and
other providers of finance to the Company and its subsidiaries continue.

Shareholders will be kept informed of progress on these negotiations and
on the various approaches the Company has received.

Contacts

W.A. Baugh - 0044 113 243 3065

W. Campbell Allen - 0044 113 243 3065


END

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