Acquisition

NWF GROUP PLC
8 September 1999

                         NWF Group plc
                   (Diversified Industrials)
                               
                   Acquisition of Malpas Oil

NWF  Group  plc  announces  that it  has  today  acquired  the
business  of  Malpas  Oil,  a  small  independent  distributor
supplied  by  Texaco  and  based  in  Malpas,  Cheshire.   The
customers  are  mainly rural households using central  heating
oil  and, as such, fit in ideally with the activities  of  NWF
Fuels  Ltd, NWF's successful fuel distribution company. Malpas
Oil customers will be supplied from NWF Fuel's existing Wardle
depot.  In  the  year ended February 1999, Malpas  Oil  had  a
turnover of some £600,000.

NWF  Fuels Ltd has 11 sales offices, the majority having their
own    storage   tanks,   at:   Bangor   (Gwynedd),    Dyserth
(Denbighshire),   Wardle   (Cheshire),   Manchester,    Leaton
(Shropshire),     Stoke-on-Trent     (Staffordshire),     Yate
(Gloucestershire),  Boston  (Lincolnshire),  Wootton   Bassett
(Wiltshire),  Nottingham and Melton Mowbray  (Leicestershire).
The  Company  had a turnover in 1998/99 of £52m and  operating
profit of £874,000.

Graham  Scott, Chief Executive of NWF Group, commented '  This
is  a  small but valuable addition to the series of expansions
which have underpinned the growth of our Fuels business.  This
step  confirms our belief that each one of our four businesses
has  growth potential. We welcome the opportunity to serve the
customers of Malpas Oil'.

For further information contact:
Graham Scott (Chief Executive)            01829 260260
Brian Coleman-Smith / Simon Ellis         0207 786 9600
Binns & Co Public Relations

Note:  NWF  Group  plc is listed on AIM and recently  reported
year ended 31 May 1999 Results of £99m sales (up 15%) and pre-
exceptional  pre-tax profit of £3.0m (up  38%).  It  had  four
businesses: Agriculture, Distribution, Fuels, Retail.