Capitalisation Issue

INTERNATIONAL GREETINGS PLC
10 August 1999


International Greetings PLC (the 'Company')

Capitalisation Issue

Further to the Company's preliminary results announced on 15 July 1999, the
Company announces the following timetable in respect of the capitalisation
issue which is to be voted on at the Company's Annual General Meeting on 3
September 1999:

3 September             AGM and record date

6 September             Ordinary shares marked ex-capitalisation, dealings
                        commence in new ordinary shares and CREST accounts
                        settled

10 September            Certificates despatched in respect of new ordinary 
                        shares

Press enquiries:

Mark Collini, Finance Director       01727 844888
International Greetings PLC