Disposal of Subsidiary

Rap Group PLC 4 May 2000 RAP Group plc (the 'Company') The Board of RAP Group plc announces that it has agreed the sale of the entire issued share capital of its wholly owned subsidiary, RAP Conveyors Limited, for a consideration of approximately £500,000. RAP Conveyors Limited is in the business of supplying and servicing conveyor belting. For the year ended 31st December 1998 RAP Conveyors Limited reported a pre-tax loss of £33,000. In the six month period ended 30th June 1999 RAP Conveyors Limited reported profits before tax of £64,000 and was held at a net asset value of £730,000 in the Company's accounts. The proceeds of the sale will be used to reduce Company indebtedness. For further information please contact: John Savage RAP Group plc 01282 410678
UK 100

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