Trading Update and Future Corporate Strategy

Bemrose Corp PLC
2 December 1999


                                               2 December 1999
                               
                               
                    BEMROSE CORPORATION PLC
                               
         Trading Update and Future Corporate Strategy


The  Group  continues to encounter difficult trading conditions
in  Specialist  Print  Services whilst the  turnaround  at  the
recently  acquired distributor businesses, Bourne and  PPI,  is
taking longer than anticipated.  This, together with the start-
up  costs of our e-commerce business, 4imprint.com, leads us to
believe  that the result for the year is likely to  be  at  the
lower  end  of  the current market expectation  at  around  £12
million  profit  before  tax  for continuing  operations.   The
balance sheet is strong with low gearing.

Specialist Print Services Division

Diary publishing at Letts and calendar production at Derby have
a  very heavy seasonal bias to the second half of the year.  At
the  interim stage, orders for calendars and diaries were at  a
similar level to the previous year, but subsequent order intake
has  been  below  the levels expected.  There has  been  little
additional  business associated with the Millennium.   Security
Printing  has  held  up reasonably well, but  commercial  print
prices are weak.  Action is being taken to reduce the cost base
of  the  businesses  wherever  possible.   All  businesses  are
trading profitably but results will be behind prior year.

Promotional Marketing Division

In  the  first quarter of this year we acquired PPI and Bourne.
PPI supplies promotional merchandise to international companies
and  the  sponsors of major sporting events.  Bourne is similar
to the Broadway division and supplies promotional products to a
wide  range  of  customers.  Neither of  the  acquisitions  has
performed  profitably, and we are looking at  opportunities  to
reduce   operating   costs  by  sharing  of   resources   where
practicable  and by all other means.  Broadway  Incentives  has
continued  to  trade satisfactorily, but a little behind  prior
year  in  a weaker market.  Future prospects for this  business
remain good.

Our  e-commerce  company 4imprint.com is  now  making  progress
after  start-up costs of approximately $500,000.   Whilst  this
activity  is  at an early stage, we believe that its  prospects
are  good,  and  sales are building steadily.  The  traditional
catalogue  business  of Nelson Marketing is  trading  ahead  of
prior year.


Future Corporate Strategy

The  board recognises that the stock market currently places  a
low value on the shares of a large number of smaller companies.
Whilst the result for the year is going to be disappointing  we
are   mindful  of  our  responsibilities  to  shareholders   to
recognise and to seek to deliver shareholder value.   In  light
of  these circumstances, the Board of Bemrose has instructed NM
Rothschild  &  Sons  to  undertake a review  of  the  strategic
options available.


Enquiries Bemrose Corporation plc       Tel : [phone]
          Rodger Booth
          N M Rothschild & Sons
          David Forbes, Director        Tel: [phone]