TLG 2 Travel Group

RNS No 5677w
TLG PLC
28th September 1998


Not for release or distribution in or into Canada, Australia or Japan.

Wassall PLC ("Wassall") Cash Offer for TLG plc ("TLG")

RECOMMENDED CASH OFFER

Wassall PLC announces that its cash offer of 175p per TLG Share announced  on
10  September 1998 has been recommended by the Board of TLG following today's
withdrawal by Cooper Industries of its offer for TLG.

Wassall's  offer  values the whole of the issued and to  be  issued  ordinary
capital  of  TLG at approximately #353 million.  As at close  of  trading  on
Friday, 25 September 1998, Wassall owned 25.5% of TLG's share capital.

In  the  circumstances,  Wassall  has also agreed  to  waive  the  provisions
contained  in  its offer document of 18 September which restricted  its  loan
note  alternative to those accepting TLG shareholders who validly elected  to
receive #5,000 or more in nominal value of loan notes.

A  circular to TLG shareholders containing the recommendation from the  Board
of TLG to accept the Wassall offer, will be posted shortly.

Enquiries:

WASSALL                                 Telephone:  0171-333 0303
Christopher Miller, Chief Executive
David Roper, Deputy Chief Executive

MERRILL LYNCH                           Telephone:  0171-628 1000
Justin Dowley, Managing Director
Edmund Lazarus, Vice President

BELL POTTINGER FINANCIAL                Telephone:  0171-353 9203
Piers Pottinger
Jonathon Brill

The  Offer  is  not being made, directly or indirectly, in or  into,  Canada,
Australia or Japan and will not be capable of acceptance from within  Canada,
Australia or Japan.  Accordingly, copies of this announcement are not  being,
and  must not be, mailed or otherwise distributed or sent in or into or  from
Canada, Australia or Japan and persons receiving this announcement (including
custodians,  nominees and trustees) must not distribute or send  it  into  or
from  Canada,  Australia or Japan.  Doing so may render invalid  any  related
purported acceptance.

The Loan Notes to be issued pursuant to the Offer, if any, have not been, and
will not be, listed on any stock exchange.  The Loan Notes have not been, and
will  not  be, registered under the United States Securities Act of 1993,  as
amended,  or  under any of the relevant securities laws of any State  of  the
United  States, Canada, Australia or Japan.  Accordingly, unless an exemption
under such Act or relevant securities laws is applicable, the Loan Notes  may
not  be  offered,  sold,  resold,  delivered  or  distributed,  directly   or
indirectly, in or into the United States, Canada, Australia or Japan and will
not be available to US persons.

Merrill  Lynch,  which is regulated in the UK by The Securities  and  Futures
Authority  Limited, is acting exclusively for the Wassall Group  and  no  one
else in connection with the Offer and will not be responsible to anyone other
than the Wassall Group for providing the protections afforded to customers of
Merrill  Lynch or for giving advice in relation to the Offer.  Merrill  Lynch
is  acting through Merrill Lynch, Pierce, Fenner & Smith Incorporated for the
purposes of making the Offer in and into the United States.


END

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