RNS No 1816a
RUBICON GROUP PLC
9th October 1998


    (NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, 
     AUSTRALIA OR JAPAN)

Recommended Cash Offers

by

Goldman Sachs International

on behalf of

APW Enclosure Systems Limited 

a subsidiary of Applied Power Inc.

for 

Rubicon Group plc 

COMPULSORY ACQUISITION OF OUTSTANDING
RUBICON ORDINARY SHARES

*  On 30 September 1998 APW Enclosure Systems Limited ("APW Enclosure
   Systems") announced that the recommended cash Offers to acquire the entire 
   issued and to be issued share capital of Rubicon Group plc ("Rubicon") had 
   been declared unconditional in all respects.

*  As at 3.00 p.m. on 8 October 1998, the latest practicable date prior to 
   the making of this announcement, APW Enclosure Systems had received valid 
   acceptances of the Ordinary Offer in respect of 67,377,271 Rubicon 
   Ordinary Shares, representing approximately 76.58 per cent. of Rubicon's 
   issued ordinary share capital.  These acceptances include valid 
   acceptances of the Ordinary Offer received from the directors of Rubicon, 
   certain members of their immediate families and certain related nominees 
   in respect of the 6,342,367 Rubicon Ordinary Shares, representing 
   approximately 7.2 per cent. of Rubicon's issued ordinary share capital, in 
   respect of which APW Enclosure Systems had previously received irrevocable 
   undertakings to accept the Offers.

*  In addition, since the posting of the Offer Document on 8 September 
   1998 APW Enclosure Systems has acquired or agreed to acquire 17,335,273 
   Rubicon Ordinary Shares, representing approximately 19.7 per cent. of 
   Rubicon's issued ordinary share capital.  Accordingly, APW Enclosure 
   Systems now either owns, or has received valid acceptances in respect of, 
   a total of 84,712,544 Rubicon Ordinary Shares, representing approximately 
   96.28 per cent. of Rubicon's issued ordinary share capital.

*  Consequently, APW Enclosure Systems is today implementing the procedure 
   under sections 428 to 430F of the Companies Act 1985, as amended, to 
   acquire compulsorily all of the outstanding Rubicon Ordinary Shares which 
   it does not already hold or has not already acquired, contracted to 
   acquire or received valid acceptances in respect of.

*  As at 3.00 p.m. on 8 October 1998, the latest practicable date prior 
   to the making of this announcement, valid acceptances of the Preference 
   Offer had also been received in respect of 14,577 Rubicon Preference 
   Shares, representing approximately 14.58 per cent. of Rubicon's issued 
   cumulative preference share capital.

*  The Offers for the entire issued and to be issued share capital of 
   Rubicon, including the Guaranteed Loan Note Alternative, as set out in the 
   formal offer document dated 8 September 1998 (the "Offer Document"), will 
   remain open for acceptance until further notice.

PRESS ENQUIRIES:
Goldman Sachs International             Meyrick Cox             0171 774 1000


Definitions used in the Offer Document have the same meanings in this
announcement, unless the context otherwise requires.

Goldman Sachs International, which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting for Applied Power Inc. and
APW Enclosure Systems Limited and no one else in connection with the Offers
and will not be responsible to anyone other than Applied Power Inc. and APW
Enclosure Systems Limited for providing the protections afforded to the
customers of Goldman Sachs International or for providing advice in relation
to the Offers.


END


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