RNS No 3302r
UNITED OVERSEAS GROUP PLC
15th July 1998

United Overseas Group plc ESOP Trust ("the ESOP")

The ESOP was recently established to purchase Ordinary Shares in the Company for
the benefit of employees. The ESOP has notified the Company that on 10 July 1998
it purchased 100,000 Ordinary Shares (representing 0.08 per cent of the shares
in issue) at a price of 100 p per share. The ESOP's holding after this purchase
is 100,000 Ordinary Shares.

END

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