Proposed Return of Capital & Other News

De La Rue PLC
9 December 1999
                                    DOCUMENT RE:  

                             PROPOSED RETURN OF CAPITAL 
                        AND CREATION OF A NEW DE LA RUE PLC
                           BY A SCHEME OF ARRANGEMENT 
                      UNDER SECTION 425 OF THE COMPANIES ACT 

                                       AND

                    PROPOSAL FOR THE REPAYMENT AND CANCELLATION 
                               OF PREFERENCE SHARES

A copy of the above is available for inspection from the Company Announcements
office of the London Stock Exchange.