RNS No 8595c
PETERHEAD GROUP PLC
2nd October 1998

Peterhead Group PLC ("the Company")


Proposed Disposal of Certain Businesses and Assets owned by Peterhead Crane
Company Limited

The Board announces that the resolution put before the Extraordinary General
Meeting of the Company held today has been duly passed.

The Board also announces that the sponsors of the Company, Bloxham
Stockbrokers, have resigned.


For further information:

Bill Baugh - 0113 243 3065


END

REGBLBBGDUGCCID


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