Disposal

Tandem Group PLC
03 November 2003


Tandem Group plc

Disposal of Water Waiter Limited


MV Sports Group plc, acquired by Tandem Group plc on 8 April 2003, today
disposed of its subsidiary company, Water Waiter Limited, which supplies water
coolers and associated products.  This business was not compatible with Tandem's
sports and leisure equipment activities.

The last audited accounts for Water Waiter Limited for the year ended 28
February 2002 showed a profit after taxation of £173,528 and net assets of
£289,060.

Proceeds from the disposal totalled £1,966,224, before expenses, of which
£1,382,400 was received in cash at completion from the purchaser, £355,517 was
received in cash as a dividend prior to completion and £74,707 was received as a
dividend in specie prior to completion.  The balance of £153,600 is due for
payment in two equal instalments on 31 January 2004 and 31 October 2004.

Net assets of Water Waiter Limited at completion totalled approximately
£340,000.

The proceeds will be used to reduce debt and further expand the Tandem Group
business.




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