Voluntary Winding-Up Recommended

EAGLES PLC
22 October 1999

                                  Eagles plc
                                       
Eagles plc ('Eagles') announces that its principal shareholder, Highfield
Electronics Limited ('Highfield'), has sold 7,500,000 ordinary shares of 5p
each in Eagles (representing 76.9% of Eagles' issued shares) to Woodkirk
Limited for £7,500.  Woodkirk Limited is a company controlled by Mr T L Adams
and Mr P J Sephton, directors of Eagles.

Following the sale of shares, Mr P Thompson (who controls Highfield) has
resigned as a director of Eagles.

Eagles is today posting a circular to shareholders to inform them of the
Board's decision to recommend the voluntary winding-up of Eagles and the
cancellation of trading in its shares on the Alternative Investment Market.
An extraordinary general meeting has been convened for 17 November 1999 to
consider a resolution to wind-up the Company.  A resolution will be put to
that meeting to authorise the liquidator to satisfy the rights of the members
in the winding-up by distributing in specie Eagles' 24.6% shareholding in
Sheffield Eagles R.L.F.C. Limited.