Subsidiary, Bernard Ward Limited, Sold

Artisan (UK) PLC 23 February 2000 Artisan (UK) plc ('Artisan') Disposal of Subsidiary Artisan announces today that, as referred to in the Offer Document relating to its offer for Bickerton Group plc, it has sold its subsidiary, Bernard Ward Limited, to that company's management team for a cash consideration of £350,000. Bernard Ward, an approved contractor to a number of local authorities, housing associations and other public bodies, contributed £13,915 of profits before tax on turnover of £2,861,740 for the nine months to 31 December 1999. In the opinion of the Directors of Artisan, having consulted with their Nominated Adviser, the terms of the transaction are fair and reasonable so far as the shareholders of Artisan are concerned.
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