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Business Post Group (UKM)

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Friday 17 January, 2003

Business Post Group

Postcomm Determination Update

Business Post Group PLC
17 January 2003

                             BUSINESS POST GROUP PLC     

                        Update on Postcomm determination

Business Post announces that it has been advised by the Postal Services
Commission ('Postcomm'), the independent postal industry regulator, that the
publication of its determination of UK Mail's access to Royal Mail's delivery
network for public consultation will be later than originally anticipated.  At
this stage it is difficult to predict when the determination process will be
finalised.  Business Post will make a further announcement once Postcomm's
determination has been published.

As reported in the announcement of interim results on 12 November 2002, the
establishment and operating costs of UK Mail, Business Post's business mail
subsidiary, are being kept to a minimum and are being expensed to the profit and
loss account. The long-term attractions of this market, estimated at over £5
billion per annum, remain considerable.

The Board continues to believe that the current year will be one of progress,
notwithstanding its being one of investment in the Group's newer and smaller
businesses and the franchise network.  The Board remains very confident about
the Group's long-term potential.


Business Post Group plc

  Paul Carvell (Chief Executive)                                  0121 335 1111
  Peter Fitzwilliam (Finance Director)                             01753 706070

Bankside Consultants Limited
  Charles Ponsonby                                                020 7444 4166

Notes for Editors

Business Post's subsidiary, UK Mail, has been awarded a licence by Postcomm for
business mail services.  Under its licence, UK Mail intends to collect mail from
business customers, sort it and transport it to the relevant Royal Mail delivery
office for local sorting and final delivery.

Following a period of negotiation with Royal Mail Group, UK Mail was unable to
reach agreement over charges for access to Royal Mail's delivery network and, in
April 2002, asked Postcomm for a determination on the terms of access.  On 8
November 2002, UK Mail announced that it had received Postcomm's confidential
draft determination.  Postcomm intends to publish its proposals for public
consultation once it has fully considered the submissions on the draft
determination by UK Mail and Royal Mail.

                      This information is provided by RNS
            The company news service from the London Stock Exchange