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Iceland Group PLC (BFP)

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Thursday 10 August, 2000

Iceland Group PLC

Sale of Booker Tate Limited

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