SEH Sep Inds.

RNS Number:7129G
SEP Industrial Holdings PLC
11 July 2001

Embargoed Release: 0830 hrs, 11 July 2001


                 Proposed Acquisition of Integration Limited,

        Placing and Open Offer of up to 18,491,354 New Ordinary Shares

               at 60p per share by Brown, Shipley & Co. Limited


SEP Industrial Holdings plc announces that on 10 July 2001, it published
supplementary listing particulars in respect of the above transaction.

The supplementary listing particulars refer to options proposed to be granted
to preferred ordinary shareholders ("Preferred Options") over up to 1,412,565
new ordinary shares of 20p each. The granting of these Preferred Options is
subject to the receipt of the authorisation of shareholders being sought at
the EGM to be held on 19 July 2001 as set out in the notice of meeting sent to
shareholders on 20 June 2001.

The Preferred Options will be granted at an exercise price of 54p per share
and will be exercisable between the first and seventh anniversary of the date
of grant. The Preferred Options are to be granted pro rata to Preferred
Ordinary Shareholders on the basis of an option to subscribe for 7 ordinary
shares of 20p each for every 40 existing preferred ordinary shares held on the
record date.

For further information please contact:-

Tony Caplin

SEP Industrial Holdings plc                          020 7505 2330


Ruari McGirr

Brown Shipley & Co. Limited                          020 7282 3218

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