Acquisition Completed

TBI PLC
20 September 1999

Contacts:            Keith Brooks, Chief Executive
                     TBI plc                                   0171 355 2345
       
                     Chris Brooks
                     N M Rothschild                            0171 280 5000

                     David Bick/Becky Jewers              
                     Holborn Public Relations                  0171 929 5599
                                                  [e-mail]
                                                [e-mail]


Not for release, publication or distribution in or into the United States of
America, Australia, Canada or Japan


                                 TBI plc ('TBI')

  ACQUISITION OF AIRPORT GROUP INTERNATIONAL HOLDINGS, LLC ('AGI') COMPLETED

TBI, the international airport owner and operator, announces that following
the satisfaction of all the outstanding conditions, the acquisition of AGI
(the 'Acquisition') was completed today.

The share element of the Acquisition consideration has been satisfied by the
issue of 64,730,221 new ordinary TBI shares to AGI's shareholders ('New TBI
Shares').  Dealings in the New TBI Shares commenced this morning.

Chief Executive of TBI, Keith Brooks says:

'TBI is fulfilling its objective to become one of the leading airport groups
in the world. The enlarged group will now be involved in handling over 40
million passengers and over a million tonnes of cargo each year and is well
positioned to capitalise on the many opportunities available to it in a
growing market.'



N M Rothschild & Sons Limited, which is regulated by The Securities and
Futures Authority Limited, is acting as financial adviser to TBI and no one
else in relation to the Acquisition and will not be responsible to anyone
other than TBI for providing the protections afforded to customers of N M
Rothschild & Sons Limited or for providing advice in relation to the
Acquisition.