Interim Results

TT GROUP PLC
14 September 1999

                           TT Group PLC
                                 
       Interim Results for the Six Months ended 30 June 1999

TT  Group, a leading specialist engineering company announces  its
interim  results  today. In the first half of the  year  TT  Group
acquired printed circuit board manufacturer Prestwick. The Group's
operations  are divided into Electronic and Industrial Engineering
Sectors.

HIGHLIGHTS - RESULTS IMPACTED BY STRENGTH OF STERLING

*  Difficult  trading  conditions of late 1998  continued  through
   first half of 1999

*  Price   pressure  from  strength  of  sterling  caused   severe
   competition

*  Workforce reduced by 9% at a cost of £2 million

*  Continued  investment  in technology and  product  development,
   particularly in Electronics Sector

*  The  Group  continues to seek related acquisitions in  its  key
   markets and to dispose of small or non-core activities

*  Profit  before  tax excluding acquisitions of £20.1m,  in  line
   with the announcement of 28 June 1999

*  Interim  dividend  held at 3.69p (1998:  3.69p),  intention  to
   maintain final dividend

*  Improving  demand  for some products with  continued  focus  on
   Electronic Sector:
   -    Significant new automotive contracts won
   -    Major new order for sub-sea cable contract
  
John Newman, Executive Chairman said today:

'  After eleven years of continuous growth it is disappointing  to
announce  lower  profits.  The Group has  good  opportunities  for
growth  in the automotive, telecommunication and computer  markets
and  is  confident  that  its strategy of focusing  on  these  key
markets will generate growth for the future.'

                                                 14 September 1999
                                                                  

Enquiries:

TT Group PLC                           Tel: [phone]
John Newman, Executive Chairman

College Hill                          Tel: [phone]
Alex Sandberg
James Henderson
                                 
                           TT GROUP PLC
       Interim Results for the six months ended 30 June 1999
                                 
                       CHAIRMAN'S STATEMENT

The  difficult  trading conditions of the  last  quarter  of  1998
continued  through  the first half year of 1999.   These  problems
have  been  mainly  caused by price pressure  resulting  from  the
strength  of  sterling against the euro which in turn  has  caused
severe  competition  from  imports and has  lowered  margins.   In
addition, the Group experienced reduced demand due to lower  sales
of  the  end customers' products.   Necessary action was taken  in
the  first quarter when the Group's workforce was reduced by  nine
per  cent and increased emphasis was placed on reducing unit costs
by   ongoing  investment  in  machinery  and  improving  operating
efficiencies.  Further  resources  were  applied  to  new  product
development and increased technical sales efforts with  our  major
multi-national customers.

On   28   June  1999  the  Group  issued  a  statement   informing
shareholders that it considered that profits for the first half of
1999 would be not less than £20.0 million excluding the results of
Prestwick Holdings plc. The results for the six months to 30  June
1999  were  £20.1  million before the losses of  Prestwick,  which
amounted to £0.4 million making profit before tax of £19.7 million
(1998  -  £31.1  million).  Turnover was £297.2  million  (1998  -
£323.5  million)  and fully diluted earnings per share  were  8.6p
(1998  -  12.7p) after a taxation charge of 27.5 per cent (1998  -
30.5  per  cent).  A profit attributable to exceptional  items  of
£0.3 million is included in the above being the profit on sale  of
the  shareholdings  in  Delta plc and Hall Engineering  (Holdings)
P.L.C. less associated costs.

On  28  May 1999 the bid for the entire share capital of Prestwick
became  wholly  unconditional.  The total  consideration  for  the
purchase of the ordinary and preference share capital of Prestwick
amounts to £4.6 million.  In the half year to 31 January 1999, the
last  period for which Prestwick published results, it made a loss
after  tax of £1.0 million on turnover of £17.9 million.  On  that
date,  Prestwick  had  total indebtedness of  £7.6  million.   The
company  continues to be loss making and a team from TT  Group  is
assisting local management to return the company to profitability.
The  customer  base  of  Prestwick  comprises  original  equipment
manufacturers,  many  of  whom are already  Group  customers.   In
addition, some subsidiaries of the Group are significant users  of
printed  circuit  boards.  Prestwick is now  part  of  TT  Group's
Electronic Sector.

Due to the strong dividend cover the Board has decided to maintain
the  interim dividend at 3.69p per share and intends to  recommend
to  shareholders that the final dividend is also maintained.   The
interim  dividend will be paid to shareholders on the register  on
15 October 1999 and will be payable on 28 October 1999.

After  eleven  years of continuous growth it is  disappointing  to
announce  lower profits.  The underlying strengths of the  Group's
operations are reinforced by the strong cash flow during the first
half  of 1999.  TT Group has good opportunities for growth in  the
automotive, telecommunication and computer markets and it  is  the
policy  of the Board  to continue to develop the Group's  position
in these key markets.

There  are signs of improving demand for some products.   However,
as  stated in the announcement on 28 June 1999, it would be unwise
at this time to assume any improved trading conditions in the last
part  of this year.  Whilst these results are unsatisfactory,  the
Group  is  confident  that its strategy of  focusing  on  its  key
markets and developing its position in these markets will generate
growth for the future.

John W Newman
Executive Chairman
14 September 1999


                           TT GROUP PLC
       Interim Results for the six months ended 30 June 1999
                                 
                     CHIEF EXECUTIVE'S REPORT
                                 
It  was anticipated that the first half of 1999 would be difficult
and  steps  were  taken early in the year to reduce  costs.   This
involved  a  nine per cent reduction in the Group workforce  at  a
cost  of  £2.0  million.  The continuing weakness of the  European
currencies  compared with sterling, together with  reduced  demand
from  some  of the market sectors we serve, resulted  in  a  lower
level of profit than in the first half year of the previous year.

The  Group  continues  to  build on its  policy  of  manufacturing
specialist  products for original equipment manufacturers  in  the
automotive, communications, power technology and packaging markets
and additional resources have been channelled into our engineering
and product development facilities to increase future sales.

Electronic
A  satisfactory number of new contracts in particular  for  design
work  on  climate controls, headlight leveling and height  sensors
have  been  awarded  to our automotive companies  with  production
scheduled over the next few years. Demand for sensors manufactured
in  our German facility has continued to grow. However, the  delay
in delivery of product specific manufacturing equipment which will
improve the efficiency of production at higher output volumes  has
caused  adverse  manufacturing variances.  This  will  be  largely
corrected  during  the  second half year. A  major  UK  automotive
customer  has  seen a drop in its sales and a  delay  in  its  new
product  launch, this reduced demand for a number of our products.
This  reduction has not been offset by the anticipated ramp-up  of
new  product introductions in the USA and the expected  growth  in
certain  European  markets where sales of the vehicles  which  use
some  of  our components have not to date achieved the  customers'
forecasts.

Sales  to the communications and computer markets have been  below
our  expectations  and  some customers have  reduced  their  build
requirements.   Recent new designs for line protection  resistors,
low resistant value chips for disk drives and power supplies and a
range  of  our  leading  edge  silicon  devices  will  phase  into
production over the next few months.

Industrial Engineering - Power Technology
The  wire and cable operations enjoyed the benefit of a large sub-
sea cable contract in the first half of 1998; there was no similar
contract in the first half of this year.  However, we now  have  a
major  order  for a sub-sea cable contract which will benefit  the
second  half  of this year.  Production efficiencies  continue  to
improve  due to new equipment and improved working practices,  but
the  price  pressure on standard products has reduced the  margins
achievable.   Also,  special products such  as  mineral  insulated
cable  and traction products have been slower than anticipated  to
penetrate these specialist markets.

The power generation business for the home market, particularly in
gas power, has performed well, but the lack of reliable funding in
the Far East markets still inhibits the acceptance of orders.

Industrial Engineering - Industrial
The  two printed circuit board assembly operations have had  mixed
success  with  the  South Wales facility under  utilised  and  the
business  in  the  North East performing well.  A  number  of  new
customers for the South Wales facility have recently been won with
production starting in the fourth quarter.

Industrial Engineering - Packaging
Although sales of glass containers reached record numbers in terms
of  unit  quantities, the over capacity in the  European  industry
together with the strength of sterling, has reduced margins due to
low prices being offered by competitors in mainland Europe.

Outlook
The  Group focuses on specific markets and there are opportunities
for  growth  in  all of them.  Those parts of the  automotive  and
communications markets which we service are expected to experience
strong long term growth, which is particularly significant to  our
Electronic Sector companies.

TT  Group's policy of providing high levels of service and quality
coupled with innovative product development will help achieve  the
Group's long term objective of sustained growth.

Sheridan W A Comonte
Chief Executive
14 September 1999


Consolidated Profit and Loss Account
for the six months ended 30 June 1999

                                      1999        1998        1998
                                First Half  First Half   Full Year
                           Note         £m          £m          £m
                             
                                                        
Turnover                                                
Continuing operations                293.5      323.5       619.9
    Acquisitions             5         3.7         -           -
                                                        
                             2       297.2      323.5       619.9
                                                        
Operating profit                                        
Continuing operations                 21.6       32.6        66.5
    Acquisitions             5        (0.4)         -           -
                                                        
                             2        21.2       32.6        66.5
                                                        
Exceptional items            2         0.3         -          1.9
                                                         
Profit on ordinary                    21.5       32.6        68.4
activities before interest
                                                        
Interest                              (1.8)      (1.5)       (3.4)
                                                        
Profit on  ordinary                   19.7       31.1        65.0
activities before taxation
                                                        
Taxation                     3        (5.4)      (9.5)      (18.1)
                                                        
                                                        
Profit for the period                 14.3       21.6        46.9
                                                        
Dividends                             (6.2)      (6.3)      (16.3)
                                                        
                                                        
Retained  profit  for  the             8.1       15.3        30.6
period
                                                        
                                                        
Earnings per share - basic   4         8.6p      12.7p       27.8p
Earnings per share - fully   4         8.6p      12.7p       27.7p
diluted
                                                        
Ordinary dividends per                3.69p      3.69p       9.79p
share
                                                        


Consolidated Balance Sheet
as at 30 June 1999
 
                               1999         1998             1998
                            30 June      30 June      31 December
                                 £m           £m               £m
                                                    
Fixed assets                                        
Intangible assets               3.4          0.3             0.3
Tangible assets               181.2        169.9           173.5
Investments                     7.3          7.1            12.3
                                                    
                              191.9        177.3           186.1
                                                    
                                                    
Current assets                                      
Stocks                        116.1        108.2           100.8
Debtors                       114.2        126.7           121.9
Quoted investments              1.4          1.2             2.1
Cash                            6.3         16.1             4.6
                                                    
                              238.0        252.2           229.4
                                                    
Creditors: falling due       (151.0)      (169.0)         (146.0)
within one year
                                                    
                                                    
Net current assets             87.0         83.2            83.4
                                                    
                                                    
Total  assets less  current   278.9        260.5           269.5
liabilities
Creditors: falling due        (30.8)       (30.9)          (29.7)
after more than one year
Provisions  for liabilities    (7.1)        (5.1)           (8.3)
and charges
Minority interests             (3.3)        (3.2)           (3.2)
                                                    
                                                    
Total net assets              237.7        221.3           228.3
                                                    
                                                    
Capital and reserves                                
Called up share capital        41.6         42.5            41.6
Reserves                      196.1        178.8           186.7
                                                    
                                                    
Equity shareholders' funds    237.7        221.3           228.3
 


Consolidated Cash Flow Statement
for the six months ended 30 June 1999

                                         1999        1998        1998
                                   First Half  First Half   Full year
                             Note          £m          £m          £m
                            
                                                          
Net cash inflow from                              
operations
                                                          
Operating profit                         21.2        32.6        66.5
                                                          
Non-cash items - Depreciation            14.1        12.7        26.3
               - Other                    1.3        (2.1)       (3.2)
Change in working capital                (2.2)      (17.2)      (13.2)
                                                          
                                                          
Net cash inflow from                     34.4        26.0        76.4
operating activities
                                                          
Net interest paid                        (3.1)       (2.6)       (3.3)
Taxation paid                            (3.0)       (3.1)      (20.5)
Capital expenditure and                              
financial investment
Purchase of fixed assets                (15.8)      (23.2)      (42.5)
Purchase of fixed asset                  (3.8)       (2.1)       (7.3)
investments
Sale of fixed asset                       5.4         -           -
investments
Sale  of  fixed  assets  and              0.7         1.2         3.7
grants received
Acquisitions and disposals               (2.9)       (1.4)       (0.6)
Ordinary dividends paid                 (10.1)       (9.4)      (15.6)
                                                          
                                                          
Net cash flow before use  of                              
liquid resources and financing            1.8       (14.6)       (9.7)
 
Financing and management  of                              
liquid resources
Movement  of  current  asset             (0.1)        1.1         0.1
investments
Issue of share capital                      -         0.4         0.5
Purchase of own shares                      -           -        (7.0)
Movement   of   loans    and             (0.4)        0.9        (1.0)
finance leases
                                                          
Increase /(decrease) in         6         1.3       (12.2)      (17.1)
cash
                                                          

Notes to the Financial Statements

1.   Basis of accounting
The interim financial statements for the half year to 30 June 1999
are  unaudited  and  have  been prepared in  accordance  with  the
accounting  policies detailed in the Annual Report  for  the  year
ended  31  December  1998.  The statements were  approved  by  the
Directors on 14 September 1999.  The figures for the year ended 31
December  1998  have  been extracted from the statutory  accounts,
filed  with the Registrar of Companies on which the auditors  gave
an unqualified report.


2.   Analysis of turnover and operating profit

                                1999       1998       1998
                               First      First       Full 
                                Half       Half       Year
Turnover by sector                £m         £m         £m
                                                 
Electronic                      94.2       94.3       179.8
Industrial Engineering         203.0      229.2       440.1
- Power Technology             118.8      131.4       256.3
- Industrial                    54.2       68.8       123.5
- Packaging                     30.0       29.0        60.3
                                                 
                               297.2      323.5       619.9


                                1999       1998       1998
                               First      First       Full 
                                Half       Half       Year
Operating profit by               £m         £m         £m
sector
                                                 
Electronic                      10.3       13.8       29.1
Industrial Engineering          10.9       18.8       37.4
- Power Technology               3.5        9.1       18.5
- Industrial                     3.7        5.2        9.9
- Packaging                      3.7        4.5        9.0
Operating profit                21.2       32.6       66.5
Exceptional items                                
Profit  on sale of  fixed        0.3        -          -
asset investments
Profit on sale of businesses       -        -          1.9

                                 21.5       32.6      68.4

The  post  acquisition  results  of  Prestwick  Holdings  plc  are
included  in the Electronic sector.  The profit on sale  of  fixed
asset investments arose from the disposal of the Group's interests
in Delta plc and Hall Engineering (Holdings) P.L.C.

3.   Taxation
Taxation  on  profit  on ordinary activities has  been  calculated
based on the estimated effective tax rate for the full year ending
on 31 December 1999.

4.   Earnings per share
Basic earnings per share of 8.6p (1998 - 12.7p) are calculated  on
earnings  of  £14.3  million  (1998  -  £21.6  million)   and   on
166,366,767 shares (1998 - 169,787,527 shares) being the  weighted
average  number  of  shares  in  issue  during  the  period.   The
calculation  of  fully  diluted earnings  per  share  assumes  the
exercise  of  dilutive share options equivalent to  77,345  shares
(1998 - 320,152 shares).

5.   Acquisitions
Prestwick Holdings plc, a manufacturer of printed circuit  boards,
became  a subsidiary of the Group on 28 May 1999.  The total  cost
of acquisition amounts to £4.6 million.


6.   Reconciliation of net cash flow to movement in net debt

                                                 Loans          
                                                   and
                                    Short      finance          
                                     term        lease
                    Net cash  investments  obligations   Net debt
                          £m           £m           £m         £m
                                                  
Balance at 31            
December 1997            5.5           3.1       (25.9)     (17.3)
Cash flow              (12.2)         (1.1)       (0.9)     (14.2)
Exchange                 
differences              0.2             -         0.4        0.6
Other non-cash             
movement                  -           (0.8)         -        (0.8)
                                                  
Balance at 30 June      
1998                    (6.5)          1.2       (26.4)     (31.7)
Cash flow               (4.9)          1.0         1.9       (2.0)
Exchange                 
differences              0.1            -         (0.4)      (0.3)
Other non-cash             
movements                  -          (0.1)         -        (0.1)
                                                  
Balance at 31          
December 1998          (11.3)          2.1       (24.9)     (34.1)
Cash flow                1.3           0.1         0.4        1.8
Acquisition               -             -         (4.4)      (4.4)
Exchange           
differences             (0.1)           -          0.4        0.3
Other non-cash  
movements                 -           (0.8)         -        (0.8)
                                                  
Balance at 30 June    
1999                   (10.1)          1.4       (28.5)     (37.2)



The  interim  report  will  be sent to  all  shareholders  on  the
register.   Copies  are  available  at  the  Company's  Registered
Office,  Clive  House, 12-18 Queens Road, Weybridge,  Surrey  KT13
9XB.