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Fastrack Group PLC (FTK)


Friday 18 August, 2000

Fastrack Group PLC

Cancellation of Listing

Fastrack Group PLC
18 August 2000

FASTRACK GROUP PLC ('Fastrack' or the 'Group')


As stated in the prospectus of the Company dated 5 June 2000, the Board of
Fastrack (the 'Board') has been evaluating a number of strategic opportunities
with the objective of significantly enhancing shareholder value in the medium
term.  In addition, the Board intends to grow the Group's business-to-business
and home delivery activities both organically and by acquisition.

In order to allow the Board the maximum flexibility to act in relation to
suitable opportunities as they arise, and taking into consideration Bulldog
Partners' advised funds interest in the Company of in excess of 50 per cent of
the issued share capital of the Company, the Board believes that it is in the
best interests of the Company to cancel the existing listing on the Official
List of the UK Listing Authority and trading on the London Stock Exchange's
market for listed securities. At the same time, the Board intends to apply for
the entire issued share capital of Fastrack to be admitted to trading on the
Alternative Investment Market ('AIM').

It is expected that the cancellation of the listing on the Official List and
trading on the London Stock Exchange's market for listed securities will occur
at the close of business on Monday 18 September 2000 and that admission to
trading on AIM will occur at 8.00 a.m. on Tuesday 19 September 2000.

For further enquiries, please contact:

A Ducker              02476 389000                                         
Chief Executive - Fastrack Group PLC


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