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Fastrack Group PLC (FTK)

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Tuesday 23 January, 2001

Fastrack Group PLC

Statement re Suspension

Fastrack Group PLC
23 January 2001

                   For immediate release on 23 January 2001

                      FASTRACK GROUP PLC (the 'Company')

            Statement regarding suspension from the Official List

The Company's board of directors (the 'Board') requested this morning that the
UK Listing Authority suspend the Company's shares from the Official List
pending clarification of its financial position. Following discussions with
the Company's bankers, the Board met this morning to consider the Company's
financial position and requested that the Company's bankers appoint an
administrative receiver to the Company with immediate effect.

Administrative receivers have now been appointed to the Company. They are
presently considering the options available and will make a further
announcement at the earliest practicable opportunity.


                                                                                
                                                           

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