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ITE Group PLC (ITE)

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Thursday 28 September, 2000

ITE Group PLC

Update on Discussions

ITE Group PLC
28 September 2000


                         ITE GROUP PLC
                               
                     UPDATE ON DISCUSSIONS


ITE  Group plc ('ITE' or 'the Company') announced on 18 August
2000  that  it was involved in discussions with a third  party
with  regard  to  the latter potentially taking  a  meaningful
equity   stake  in  ITE.   The  Company  notes  recent   press
speculation  relating to this.  Whilst it  confirms  that  the
third  party concerned is Veronis Suhler, it should  be  noted
that  the  parties are still to agree terms,  particularly  in
relation to pricing and quantum.

A further announcement will be made in due course.


Contact:

Investec Henderson Crosthwaite
Jagjit Mundi, Managing Director of Corporate Finance
Tel:  020 7597 5147


Buchanan Communications
Richard  Oldworth/Isabel Petre
Tel:  020 7466 5000