Result of EGM

TBI PLC
17 September 1999


Contacts:             Keith Brooks, Chief Executive
                      TBI plc                                0171 355 2345 

                      Chris Brooks 
                      NM 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')

                               RESULT OF EGM

TBI, the international airport owner and operator, is pleased to announce that
the resolutions proposed at the Extraordinary General Meeting, held earlier
today, were duly passed by its shareholders.  The resolutions approved,
amongst other things, the acquisition of Airport Group International Holdings,
LLC (the 'Acquisition').

Completion of the Acquisition is now expected to take place on 20 September
1999.


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.