Disposal of Letts

Bemrose Corp PLC
11 August 2000


                     BEMROSE CORPORATION PLC
                  ('Bemrose' or the 'Company')
                                
     Disposal of  the Charles Letts diary business ('Letts')


Introduction

The  Board of Bemrose announces that it has sold Letts (on a debt
and cash free basis) for £12.25 million to a newly formed company
that  has  recently  changed its name to Letts  Holdings  Limited
('LHL').   LHL  is a company formed on behalf of Dunedin  Capital
Partners  Limited, Bank of Scotland and certain senior management
of the business.

The  disposal  of Letts, the only remaining business  within  the
Specialist Print Services division, represents the final stage in
the  implementation  of  the fundamental  reorganisation  of  the
business  strategy to concentrate Bemrose's managerial, technical
and  financial  resources on the Promotional  Marketing  division
(4imprint).

The  Directors  continue to believe that the prospects  for  both
organic  and  acquisition led growth in the  continuing  business
will  be  enhanced  by the re-investment of  the  sale  proceeds.
Investment  and acquisition opportunities within the  promotional
marketing industry are currently being assessed.  If there  is  a
surplus  of disposal proceeds over investment requirements,  this
surplus will be returned to shareholders in due course.

Rodger Booth,Chairman commented:

'Completion  of this deal is important for Bemrose  shareholders.
It  marks  the end of the disposal programme and will enable  the
management  team  to  concentrate  solely  on  building  a   more
substantial    international   corporate   promotional   products
business  under the 4imprint brand.  A significant step  in  this
direction  was  taken recently with the strategic  alliance  with
Lands' End, the world largest on-line seller of clothing.'

Information on Letts

Letts  is a long established and widely recognised, international
diary  business  based  in Dalkeith, Scotland.    Letts  designs,
develops, manufactures and sells a range of branded and own label
diary  products  (approximately 20 million  diaries  per  annum),
which are distributed to over 25 countries worldwide.  It is  the
largest  publisher and manufacturer in the UK with  over  40  per
cent. market share and is particularly strong in the business  to
business  market.   Its customers include  a  mix  of  corporate,
retail and wholesale clients in the UK and overseas.


For  the  year  ended  1 January, 2000 Letts generated  operating
profit of £2.7 million (1998: £2.1 million) on turnover of  £25.4
million  (1998:£26.6 million).  As at 1 January, 2000 it had  net
assets of £15.0 million (1998:£13.6 million).

Details of the disposal

The  sale  of Letts has been effected by the sale of  the  entire
issued  share capitals of Barnard and Jackson (Holdings)  Limited
and   Charles  Letts  Group  Limited  to  LHL  for  an  aggregate
consideration  of  £12.25  million in cash,  subject  to  certain
conditions and adjustments.  Bemrose has given certain warranties
and indemnities in favour of LHL.

The  exceptional loss on the disposal of Letts based upon the net
assets  book value of £15.0 million at 1 January 2000  and  £17.4
million of goodwill previously written off is £21.2 million after
disposal  costs  of  £1.0  million and will  be  reported  as  an
exceptional item in the profit and loss account for the 52  weeks
ending 30 December 2000.  No taxation liabilities are expected to
arise from the disposal.

Board changes

As  previously  announced Rodger Booth has  become  non-executive
chairman of Bemrose following the disposal of Letts.



For further information, please contact:

Bemrose Corporation PLC
Dick  Nelson, Chief Executive       001  920810 9696 (after 11am)

Rodger Booth, Chairman                              01482 867 862
Richard Harrison, Finance Director                  01482 867 862


N M Rothschild & Sons Ltd
David Forbes                                        0113 200 1900
David Wilton                                        0113 200 1900

Buchanan Communications
Mark Edwards                                        020 7466 5000
Jeremy Garcia


N  M  Rothschild & Sons Limited, which is regulated in the United
Kingdom  by  The  Securities and Futures  Authority  Limited,  is
acting  for  Bemrose  and  no-one else  in  connection  with  the
disposal and will not be responsible to anyone other than Bemrose
for  providing the protections afforded to its customers  or  for
providing  advice  in  relation to the  disposal  or  any  matter
referred to in this announcement.