Temporary Management Change in the Netherlands

United Overseas Group PLC
3 March 2000

                          UNITED OVERSEAS GROUP PLC

               Temporary management change in the Netherlands

United Overseas Group plc, Europe's largest distributor of excess inventory of
branded  consumer  products, regrets to announce that Eppe  Boersema,  a  main
board   director   and  joint  managing  director  of  its  Dutch   operation,
Intertrading  Agencies, has been seriously injured following  a  road  traffic
accident.

In  his  absence,  joint  managing  director of  Intertrading  Agencies,  Bert
Boersema,  has  assumed full management responsibility for the  group's  Dutch
operations.

For further information:
Jeffrey Curtiss, Chief Executive, United Overseas Group plc Tel: [phone]
Terry Balkham, Finance Director, United Overseas Group plc  Tel: [phone]
Peter Binns, Binns & Co PR                                  Tel: [phone]