Result of EGM

LUPUS CAPITAL PLC
12 August 1999


OUTCOME OF EXTRAORDINARY GENERAL MEETING TO APPROVE THE SALE OF EPS GROUP 

Lupus Capital plc ('Lupus') announces that at today's Extraordinary General
Meeting, shareholders approved the ordinary resolution concerning the sale of
EPS Group and other related subsidiaries of Lupus as described in the circular
to shareholders dated 26 July 1999.

For further information please contact:

Lupus Capital plc                                          Tel:  [phone]
                                                 or        Tel:  [phone]
Charles Ryder, Chairman
James Orr, Finance Director

Merlin Financial                                          Tel:  [phone]