Strategic Options

PHOTO-ME INTERNATIONAL PLC 27 September 1999 PHOTO-ME HIRES SALOMON TO EXPLORE STRATEGIC OPTIONS The Board of Directors of Photo-Me International plc, the world leader in operating photobooths and a major manufacturer of photographic mini-labs, announces that it has engaged Salomon Smith Barney to review a wide range of strategic options. Serge Crasnianski, Chief Executive Officer, commented 'In recent months, we have received approaches from a number of corporations interested both in our advanced digital and Internet technologies and in our network of some 25,000 prime locations regarding a range of possible strategic transactions. The Company's Board of Directors has decided, in the light of these approaches, that it is appropriate to formalise the process of exploring all our strategic options in order to maximise shareholder value. I am excited about the Group's future development.' Enquiries: Bankside Consultants Limited 0171-220 7477 Charles Ponsonby Salomon Smith Barney 0171-721 6010 Christian Purslow Salomon Brothers International Limited ('Salomon Smith Barney'), which is regulated by The Securities and Futures Authority Limited, is acting for Photo-Me International plc and no one else in relation to this press release and will not be responsible to anyone other than Photo-Me International plc for providing the protection afforded to customers of Salomon Smith Barney.
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