Disposal Completed, etc

LUPUS CAPITAL PLC
13 August 1999


COMPLETION OF SALE OF EPS GROUP 

Lupus Capital plc ('Lupus') announces that completion of the sale of EPS Group
and other related subsidiaries of Lupus has taken place today.  Consequently
David Anderson, who is leading the Buy Out team acquiring EPS Group, has today
resigned from the Board of Lupus.  The Board thanks him for his contribution
and wishes him well in the future.

For further information please contact:

Lupus Capital plc                                          Tel:  [phone]
                                                 or        Tel:  [phone]
Charles Ryder, Chairman
James Orr, Finance Director

Merlin Financial                                          Tel:  [phone]

Melanie Toyne Sewell