Interim Results

Computacenter PLC
17 August 2000


                               COMPUTACENTER PLC

                              INTERIM RESULTS 2000

Computacenter plc, the UK's largest company specialising in the provision of
distributed information technology and related services to large corporate
and public sector organisations, today announces interim results for the six
months ended 30th June 2000.

Highlights

*Group turnover increased 2.4 per cent to £926.7 million
(1999: £ 904.8 million)

*Profit before tax, before investment in Biomni, £21.2
million (1999: £ 40.7 million)

*Continued strong cash generation

*Earnings per share (diluted) 7.1p  (1999: 14.6p)

*Earnings per share (diluted) excluding impact of
Biomni, 7.8p

*Increased service utilisation in the second quarter

*Significant contract wins in the first half

Commenting on the results, Chief Executive Mike Norris said:

'The first half of the year was a challenging one for Computacenter.  The
market was slower to recover than we originally anticipated and a reduction
in project work meant lower levels of services billings.  Despite this, we
have continued to invest in developing the business and extending the range
of services provided to our existing customers, as well as winning some
significant new accounts across Europe.

'We remain confident that, for the remainder of 2000, both product and
services revenues will continue to grow as customers increase their
investments in e-business and accelerate deployment of Microsoft Windows
2000. The Group will continue to invest to ensure we are well positioned to
take advantage of changing customer needs and future demands.'

For further information:

Computacenter plc                      07801 452854
Mike Norris, Chief Executive
Phil Williams, Investor Relations

Brunswick Group Limited                0207 404 5959
Catriona Booth
Sara Musgrave

Computacenter PLC

Interim Results for six months ended 30 June 2000

Chairman's Statement

The first half of 2000 has been a challenging one for the Group.  The first
quarter was slow but in line with our expectations for the immediate post-
millennium period.  In the second quarter the expected recovery in the
market failed to materialise at the rate that we had anticipated.  The
result was that Group revenues for the half-year, at £926.7 million, were up
only 2.4 per cent compared to the corresponding period of 1999 and sales to
our larger corporate customers were significantly down.  Profit before tax,
prior to our investment in our Biomni e-commerce joint venture, was £21.2
million, down 47.9 per cent compared to the first half of 1999.  The Group's
share of losses in Biomni Ltd was £2.0 million.

The Group's cash flow generation remained very strong in the first half.
Cash generated from operations was £36.4 million, representing 170 per cent
of operating profit.  After capital expenditure and investments of £20.7
million, tax payments and the payment of the 1999 dividend, net funds
increased by £5.2 million to £26.3 million.

The challenges facing corporate IT departments have changed substantially
since 1999.  Last year Y2000 compliance issues were a major concern. This
year there has been a greater emphasis on e-business.  In the first half,
our Unix systems business, especially the deployment of Sun Microsystems
solutions, performed very strongly on the back of this demand.  However, in
the same period there was a substantial reduction in the amount of large-
scale PC deployment projects associated with IT infrastructure investments.
This was partly due to the high level of spending in this area pre-Y2000 and
partly due to the early stage of Windows 2000 adoption.

The lower demand for project work significantly reduced utilisation in
several of our service divisions and the overall level of service billings
in the first half.  This was the predominant reason for the reduced
profitability of the Group.  During the second quarter utilisation levels
increased, reflecting the underlying recovery of the market and the Group's
success in winning a number of large new projects including enterprise
systems implementations, network infrastructure projects and some early
Windows 2000 implementations.

The growth of our Managed Services operations has continued strongly in the
current year.  Our UK customer contract base at the end of June was 21 per
cent higher than at the same time in 1999 despite many customers deciding
not to make outsourcing decisions in the Y2000 period.  We remain committed
to accelerating the rate of growth in our service businesses and have
recently strengthened our senior management team to increase our capability
in this area.

Turning to our overseas operations, France and Germany were also affected by
the post-millennium slowdown and both reported losses in this exceptionally
difficult period.  We expect France to return to profit in the second half
although Germany will make a further loss.

With regard to the outlook for the remainder of this year, the order book
for the second half is encouraging.  Prospects for our Unix systems business
remain very strong and we expect that the rate of implementation of Windows
2000 infrastructure projects will accelerate as the year progresses. The
third quarter will still be somewhat affected by the post-millennium
slowdown and recent market conditions have increased the downward pressure
on product margins which we expect to continue into 2001. Nevertheless, our
expectations for the current year remain broadly in line with those
indicated in our trading statement of 13th June this year.

Despite the difficult market conditions we remain confident about the
positioning of the Group.  We will continue to build on the very strong and
longstanding relationships that we enjoy with our customers by developing
and extending the range of products and services we provide.  The scale of
our market presence and the depth of our technical resources mean that we
are well positioned to identify and exploit emerging opportunities.

The Group's strong cash position means that we are well placed to consider
appropriate acquisitions and investments as opportunities arise.  In June we
acquired Inacom Services Europe SA, a services company based in Belgium,
Luxembourg and the UK to further strengthen our international project
management and services capability.  Biomni Ltd, our e-commerce joint
venture, is enjoying considerable sales success and it remains our intention
to seek a UK public listing as soon as market conditions allow.

As always, I would like to take this opportunity to thank all our staff for
their hard work and their tremendous commitment to delivering the highest
standards of customer service.  The uncertainties surrounding the millennium
period and the rapidly changing demands of the market have made their task
unusually difficult.

Finally, I am delighted to report that Ron Sandler has joined the Board of
the company as a non-executive director.  Ron's skills and experience will
be of great value to Computacenter and I am confident that he will play a
very significant role in the future development of the Group.

Philip Hulme

Chairman.

Review of Operations

Despite the slower than expected market recovery in the first half of the
year, the Group continued to extend the range of services provided to
existing customers, as well as winning some significant new customers across
Europe.

A major contract win in the first half of the year was BP, for whom we will
provide international supply-chain and other services. These services will
be delivered in partnership with the International Computer Group (ICG),
across 61 countries. The project includes one of the largest European
rollouts of Microsoft Windows 2000 to date. Additionally, Computacenter has
extended the scope of its managed service contract with Shell Services
International to include the deployment of Windows 2000 across Shell UK.
Other new UK account wins during the first half included Corus (formerly
British Steel) and a five year managed services contract with Unipart Group
Ltd.

Service contracts won with existing customers included BT Cellnet where we
are providing a managed service utilising Biomni's e-procurement system.  We
also provided the equipment and services for the new London Assembly on
behalf of the DETR, an Internet help-desk service for Banque Paribas and
secured an extension to our managed services contract with UBS Warburg.

We continued our investment in The iGroup, our e-business division, where
headcount increased from 37 to 64 and revenues by over 1300 per cent
compared to the same period last year. Major projects completed included
www.jamjar.com, the new online motoring web site from Direct Line. We also
successfully launched a number of additional hosting and support services
during the period.

In conjunction with The iGroup, Computacenter's Managed Services division
delivered its first support services for web hosting infrastructures. With
our customers' growing reliance on Sun Microsystems and other Unix systems
for e-Business, we also created a dedicated UK engineering resource for
midrange enterprise systems in the first quarter of 2000. Our new enterprise
offering includes deployment, configuration and systems management services.

Work continued in the first half on our new operations centre in Hatfield,
Hertfordshire. Our staff are progressively moving into this 34,000 sq.m.
facility, which remains on schedule to become operational by the end of this
year.

Our French business reported a loss due to the post-millennium slowdown,
although we expect it to return to profitability in the second half of this
year.  New business won during the first half included a large migration
project for Ernst & Young covering 3,500 PCs and 20 sites.  We also won
additional services business with a number of established customers,
including managed services for Groupe Schneider and for GEMS Europe (General
Electric Medical Systems), where we are now providing a managed service for
all desktop installations and maintenance.

In spite of the difficult trading conditions in the first half of the year,
Computacenter Germany won some significant new contracts, including EDS and
Sharp, while also extending the range of services provided to existing
customers, including DVAG, Dresdner Bank and Deutsche Hypotheken Bank.

Computacenter Belgium was strengthened with our new acquisition, Inacom
Services Europe SA in June. The acquisition underpins Computacenter's
existing capabilities in pan-European project management and multi-lingual
support. It also consolidates our position as a leading IT solutions
provider in Belgium & Luxembourg.

Biomni Ltd, our joint venture with Computasoft e-Commerce Ltd, saw
considerable success in the first half of 2000.  New agreements entered into
by Biomni include TRW Aerospace Systems, Greenwich NatWest and Royal &
SunAlliance. Today, 27 of the UK FTSE 100 companies and 750 government
organisations and departments use Biomni's e-procurement solution.

The company continues to invest in people and made significant new senior
appointments in the first half of the year. Gordon Channon, formerly
Information Services Director at BT, was appointed Computacenter's IT
Director in January.  In May, Ron Sandler, previously Chief Operating
Officer of NatWest Group was appointed as a non-executive director and in
July, David Courtley was appointed to a newly created position of Group
Services Director. David joined from EDS where he was Managing Director for
the UK Information Solutions Business and has taken responsibility for
overall management and direction of Computacenter's services operations.

Despite the difficult market conditions we have been experiencing, we remain
confident that, for the remainder of 2000, both product and services
revenues will continue to grow as customers increase their investments in e-
business and accelerate deployment of Windows 2000. The Group will continue
to invest to ensure we are well positioned to take advantage of changing
customer needs and future demand.

Mike Norris
Chief Executive.

AUDITORS' INDEPENDENT REVIEW REPORT TO COMPUTACENTER PLC

Introduction

We have been instructed by the Company to review the financial information
set out on pages 7 to 12 and we have read the other information contained in
the interim report and considered whether it contains any apparent
misstatements or material inconsistencies with the financial information.

Directors' responsibilities

The interim report, including the financial information contained therein,
is the responsibility of, and has been approved by, the directors.  The
Listing Rules of the Financial Services Authority require that the
accounting policies and presentation applied to the interim figures should
be consistent with those applied in preparing the preceding annual accounts
except where any changes, and the reasons for them, are disclosed.

Review work performed

We conducted our review in accordance with guidance contained in Bulletin
1999/4 issued by the Auditing Practices Board. A review consists principally
of making enquires of management and applying analytical procedures to the
financial information and underlying financial data and based thereon,
assessing whether the accounting policies and presentation have been
consistently applied unless otherwise disclosed.  A review excludes audit
procedures such as tests of controls and verification of assets, liabilities
and transactions.  It is substantially less in scope than an audit performed
in accordance with Auditing Standards and therefore provides a lower level
of assurance than an audit.  Accordingly we do not express an audit opinion
on the financial information.

Review conclusion

On the basis of our review we are not aware of any material modifications
that should be made to the financial information as presented for the six
months ended 30 June 2000.

Ernst & Young
16 August 2000

Computacenter PLC
Summarised Profit And Loss Account
For the six months ended 30 June 2000

                           Unaudited   Unaudited   Audited
                           Six months  Six months  Year
                           Ended       Ended       Ended
                           30 June     30 June     31 Dec 1999
                           2000        1999        £'000
                            £'000      £'000
                                                   
Turnover                    926,725    904,816      1,760,628
                                                   
Operating costs            (905,289)   (864,104)   (1,685,016)
                           ---------   ---------   ---------
Group operating profit     21,436      40,712      75,612
                                                   
Share of operating loss    (1,970)     -           -
in joint venture
                           ---------   ---------   -----------
Total operating profit                             
:Group and share of joint  19,466      40,712      75,612
venture
                                                   
Interest receivable and     3,310       3,481       7,238
similar income
Interest payable and       (3,589)     (3,461)     (7,714)
similar charges
                           ---------   ---------   -----------
                                                   
Profit on ordinary                                 
activities before          19,187      40,732      75,136
taxation
                                                   
Tax on profit on ordinary  (5,897)     (13,210)    (22,125)
activities
                           ---------   ---------   -----------
Profit on ordinary                                 
activities after taxation  13,290      27,522      53,011
                                                   
Minority interests -           41          (5)        (48)
equity
                           ---------   ---------   -----------
Profit attributable to                             
members of the parent      13,331      27,517      52,963
company
                                                   
Dividends - ordinary                               
dividends on equity           (31)        (90)     (5,291)
shares
                           ---------   ---------   -----------
Retained profit for the    13,300      27,427      47,672
period
                           =========   =========   ===========
                                                   
Earnings per share                                 
- Basic                    7.5p        16.2p       30.6p
- Diluted                  7.1p        14.6p       28.1p
- Diluted (excluding                               
impact of loss of joint    7.8p        14.6p       28.1p
venture)                                           
Dividends per ordinary     -           -            2.9p
share

Computacenter PLC
Statement of Total Recognised Gains and Losses
For the six months ended 30 June 2000

                           Unaudited   Unaudited   Audited
                           Six months  Six months  Year
                           Ended       Ended       Ended
                           30 June     30 June     31 Dec
                           2000        1999        1999
                            £'000      £'000       £'000
                                                   
Profit for the financial                           
period excluding share of  15,301      27,517      52,963
loss of joint venture
                                                   
Loss attributable to       (1,970)     -           -
joint venture

Profit attributable to     ---------   ---------   ---------
members of the parent      13,331      27,517      52,963
company                                            
Exchange differences on                            
retranslation of net                               
assets of associated and       64      (1,300)     (2,029)
subsidiary undertakings
                           ---------   ---------   ---------
Total recognised gains     13,395      26,217      50,934
for the period
                           =========   =========   =========

Computacenter PLC
Summarised Balance Sheet

At 30 June 2000

                           Unaudited   Unaudited   Audited
                           30 Jun      30 Jun      31 Dec
                           2000        1999        1999
                           £'000       £'000       £'000
Fixed assets                                       
Goodwill                     6,988      1,612       3,756
Tangible assets            106,564     79,325      96,647
Investments                                        
  joint venture                                    
  Share of gross assets       943      -           -
  Share of gross                                   
  liabilities              (2,888)     -           -
                           ---------   -           -
  loans to joint venture   (1,945)     -           -
                            1,975      -           -
                           ---------               
                               30      -           -
  associates                  135         99         135
  own shares                2,502      2,040       2,679
  other                     4,617      2,031           1
                           ---------   --------    --------
                            7,284      4,170       2,815
                           ---------   ---------   ---------
                           120,836     85,107      103,218
Current assets                                     
Stocks                      76,865     116,045      92,884
Debtors                    288,335     258,017     244,177
Cash at bank and in hand    79,536      75,984      63,688
                           ---------   ---------   ---------
                           444,736     450,046     400,749
CREDITORS: amounts falling                         
due within one year                                
                           (341,151)   (343,387)   (292,753)
                           ---------   ---------   ---------
                                                   
Net current assets         103,585     106,659     107,996
                           ---------   ---------   ---------
                                                   
Total assets less current  224,421     191,766     211,214
liabilities
                                                   
CREDITORS: amounts falling                         
due after more than one    (39,863)    (42,830)    (41,008)
year
                                                   
Provisions for liabilities (1,736)     (1,035)     (1,736)
and charges
                           ---------   ---------   ---------
Total assets less          182,822     147,901     168,470
liabilities
                           =========   =========   =========
Capital and reserves                               
Called up share capital     9,170       8,876        9,043
Share premium account       66,733     51,106       57,055
Profit and loss account    106,782     87,777      102,194
                           ---------   ---------   ---------
                                                   
Shareholders' funds -      182,685     147,759     168,292
equity
Minority interests -           137         142         178
equity
                           ---------   ---------   ---------
                           182,822     147,901     168,470
                           =========   =========   =========

Approved by the board on 16 August 2000

Computacenter PLC
Summarised Statement Of Cash Flows
For the six months ended 30 June 2000

                           Unaudited   Unaudited   Audited
                           Six months  Six months  Year
                           Ended       Ended       Ended
                           30 Jun      30 Jun      31 Dec
                           2000        1999        1999
                           £'000       £'000       
                                                   £'000
                                                   
Cash inflow from           36,408      42,041      81,924
operating activities
                                                   
Returns on investments                             
and servicing of finance    1,894         127        (262)
                                                   
Taxation                                           
Corporation tax (paid)/    (5,281)     1,536       (25,284)
refunded
                                                   
Capital expenditure and                            
financial investment       (20,676)    (26,295)    (49,778)
                                                   
Acquisitions and           (2,870)     (1,974)     (3,806)
disposals
                                                   
Equity dividends paid      (5,231)     (4,392)     (4,482)
                           ---------   ---------   ---------
                                                   
Cash inflow/(outflow)      4,244       11,043      (1,688)
before financing
                                                   
Financing                                          
Issue of shares            1,029         1,454       2,470
Decrease in debt           -              (114)     (2,217)
                           --------    ---------   ---------
                                                   
Increase/(decrease) in                             
cash in the period         5,273       12,383      (1,435)
                           ========    =========   =========
                                                   
Reconciliation of net                              
cash flow to movement in
net funds
Net funds at 1 January     21,152      21,126      21,126
2000                                               
Increase/(decrease) in      5,273      12,383      (1,435)
cash
                                                   
Cash outflow from                                  
repayment of debt and      -              114       2,217
lease finance
                           ---------   ---------   ---------
Changes in net funds                               
arising from cash flows    5,273       12,497       782
Loans acquired on                                  
acquisition of subsidiary  -             (542)     (542)
undertaking                                        
Other non cash movements    (107)        (107)     (214)
                           ---------   ---------   ---------
Net funds at 30 June/31    26,318      32,974      21,152
December
                           =========   =========   =========

Computacenter PLC
Notes to the Unaudited Interim Report
At 30 June 2000

1. Basis of Preparation of Interim Financial Information

The interim financial information has been prepared on the basis of the
accounting policies set out in the Group's statutory accounts for the year
ended 31 December 1999.  The taxation charge is calculated by applying the
Directors' best estimate of the annual tax rate to the profit for the
period.  Other expenses are accrued in accordance with the same principles
used in the preparation of the annual accounts.

2.Turnover and Segmental Analysis

Turnover represents the amounts derived from the provision of goods and
services which fall within the Group's ordinary activities, stated net of
VAT.  The Group operates in one principal activity, that of the design,
supply, project management and long-term support of information technology
systems.

An analysis of turnover by destination and origin and operating profit is
given below:

                           Unaudited   Unaudited   Audited
                           Six months  Six months  Year
                           ended       Ended       Ended
                           30 Jun      30 Jun      31 Dec
                           2000        1999        1999
                           £'000       £'000       
                                                   £'000
                                                   
Turnover by destination                            
UK                         791,075     757,451     1,448,805
France & Belgium            92,088     110,117       226,640
Germany                     35,433      33,536        77,164
Rest of the World            8,129       3,712         8,019
                           ---------   ---------   ---------
Total                      926,725     904,816     1,760,628
                           =========   =========   =========
                                                   
Turnover by origin                                 
UK                         799,483     762,981     1,460,523
France & Belgium            92,754     109,399       227,789
Germany                     34,488      32,436        72,316
                           ---------   ---------   ---------
Total                      926,725     904,816     1,760,628
                           =========   =========   =========
                                                   
Operating profit                                   
UK                         24,800      40,197      74,028
France & Belgium           (1,612)      1,262       4,453
Germany                    (1,752)       (747)     (2,869)
                           ---------   ---------   ---------
Total Group excluding                              
associated undertakings    21,436      40,712      75,612
                           =========   =========   =========

All turnover and operating profit relates to continuing operations.

Computacenter PLC
Notes to the Unaudited Interim Report
At 30 June 2000

3 Operating Costs

                           Unaudited   Unaudited   Audited
                           Six         Six months  Year
                           months      Ended       Ended
                           Ended       30 Jun      31 Dec
                           30 Jun      1999        1999
                           2000        £'000       
                           £'000                   £'000
                                                   
Decrease/(Increase) in                             
stocks of finished goods    16,018      (6,192)       16,969
Goods for resale and                               
consumables                714,216     706,312     1,322,101
Depreciation and other                             
amounts written off                                
tangible and intangible                            
assets                       6,236       6,001        12,407
Staff costs                 98,978      97,554       205,366
Other operating charges     69,841      60,429       128,173
                           ---------   ---------   ---------
                           905,289     864,104     1,685,016
                           =========   =========   =========

4 Interest receivable and similar income

                           Unaudited   Unaudited   Audited
                           Six         Six months  Year
                           months      Ended       Ended
                           Ended       30 Jun      31 Dec
                           30 Jun      1999        1999
                           2000        £'000       
                           £'000                   £'000
                                                   
Bank Interest received     3,310       3,481       7,154
Other interest receivable                          
                           -           -              84
                           ---------   ---------   ---------
                           3,310       3,481       7,238
                           =========   =========   =========


5 Interest Payable and Similar Charges

                           Unaudited   Unaudited   Audited
                           Six         Six months  Year
                           months      Ended       Ended
                           Ended       30 Jun      31 Dec
                           30          1999        1999
                           Jun2000     £'000       
                           £'000                   £'000
                                                   
Bank loans and overdraft     301          18          99
Other loans                3,288       3,431       7,613
Finance charges payable                            
under finance leases and   -              12           2
hire purchase contracts
                           ---------   ---------   ---------
                           3,589       3,461       7,714
                           =========   =========   =========

Computacenter PLC
Notes to the Unaudited Interim Report
At 30 June 2000


6 Tax on Profit on Ordinary Activities

The charge for the period is based on the estimated effective tax rate for
the year ending 31 December 2000 and comprises the following:

                           Unaudited   Unaudited   Audited
                           Six         Six months  Year
                           months      Ended       Ended
                           Ended       30 Jun      31 Dec
                           30          1999        1999
                           Jun2000     £'000       
                           £'000                   £'000
                                                   
UK corporation tax at 31                           
per cent
Current                    5,897       13,210      21,424
Deferred tax               -           -              701
                           ---------   ---------   ---------
Total                      5,897       13,210      22,125
                           =========   =========   =========


7 Reconciliation of Operating Profit to Operating Cash Flows

                           Unaudited   Unaudited   Audited
                           Six         Six months  Year
                           months      Ended       Ended
                           Ended       30 Jun      31 Dec
                           30          1999        1999
                           Jun2000     £'000       
                           £'000                   £'000
                                                   
Operating profit           21,436      40,712      75,612
Depreciation                6,143      6,001       12,345
Amortisation                   93      -               62
Loss on disposal of fixed  -           -             (490)
assets
Increase in debtors        (44,074)    (21,052)    (7,243)
Decrease/(increase) in      16,018      (6,160)    17,030
stocks
Increase/(decrease) in     36,732      23,852      (13,632)
creditors
Currency and other             60      (1,312)      (1,760)
adjustments
                           ---------   ---------   ---------
Net cash inflow from       36,408      42,041      81,924
operating activities
                           =========   =========   =========

8 PUBLICATION OF NON-STATUTORY ACCOUNTS

The financial information contained in this interim statement does not
constitute statutory accounts as defined in section 240 of the Companies Act
1985.  The financial information for the full preceding year is based on the
statutory accounts for the financial year ended 31 December 1999.  Those
accounts, upon which the auditors issued an unqualified opinion, have been
delivered to the Registrar of Companies.