Iceland Group PLC
10 August 2000
ICELAND GROUP plc
SALE OF BOOKER TATE LIMITED
Iceland Group plc announces that its subsidiary, Booker plc, has sold its 50%
interest in Booker Tate Limited ('Booker Tate'), a leading international agro-
industrial management company, to Murray & Roberts Limited of South Africa.
Tate & Lyle PLC has similarly disposed of its 50% shareholding.
The gross cash consideration for 100% of Booker Tate is £12.2 million. After
repayment of loans totalling £3.1 million, made equally to Booker plc and Tate
& Lyle PLC by Booker Tate, the net cash consideration is £9.1 million.
The transaction completes Booker's disposal of non-core businesses started in
Charles Wilson, Managing Director, Booker 01933 371268
Keith Hann, Hudson Sandler 020 7796 4133