Change to Board of Directors

United Overseas Group PLC
17 April 2000


                           UNITED OVERSEAS GROUP PLC
                                Re: Directorate


It  is  with great sadness that the Board of United Overseas Group plc ('UOG')
announces  the  death  of Mr Eppe Boersema, a main Board  Director  and  Joint
Managing Director of its Dutch operations, Intertrading Agencies.

Following  an  announcement  on 3 March that Mr Boersema  had  been  seriously
injured in a road traffic accident, he died of his injuries on Sunday 16 April
2000.

Mr  Bert  Boersema,  Joint  Managing Director of  Intertrading  Agencies,  who
assumed  full  management  responsibility for  the  Group's  Dutch  operations
following the accident will continue in this role.

                                       
Enquiries:

Alex Watson, Chairman, United Overseas Group plc
Tel: [phone]