Agreement/Institutional Visit

International Greetings PLC
12 February 2002


For immediate release                                       12 February 2002

         International Greetings announces institutional investor visit
                      and Monsters Inc. licence agreement

International Greetings, the leading supplier and manufacturer of licensed
greetings products, announces that it is today hosting a visit of institutional
investors and its broker, Old Mutual Securities, to its Scandinavian Design
operation in South Wales.


Joint Chief Executive, Nick Fisher said 'Following our trading statement in
November 2001, we are pleased to have made good progress in addressing the
problem areas in our giftwrap division in South Wales. Current trading is in
line with expectations and we will report our results for the year to March 2002
in early June.'


International Greetings is also pleased to announce that it has the UK and
European multi territory licence in all its product categories for blockbuster
film, Monsters Inc, which went on national release from last Friday.





For further information please contact:
International Greetings                                        01707 630630
Nick Fisher

Grandfield                                                     020 7417 4170
Clare Abbot
Laura Foster


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