Non-core German Subsidiaries Sold

De La Rue PLC
4 January 2000

DE LA RUE SELLS NON-CORE GERMAN SUBSIDIARIES

De La Rue today announced it has sold the assets of two non-core German
businesses, Plan Object and Alarm Systems, which formed part of the operations
of its Cash Systems division.  Plan Object, which designs and manufactures
bank branch furniture was sold to a French holding company with similar
business activities.  In a separate transaction Alarm Systems, a business
specialising in intruder security systems, including entry alarm and control
systems for bank branches, was sold to a subsidiary of the Tyco International
group, a security systems business.
 
The businesses which employed 97 staff, had a combined revenue of £20.9m in
the year to 31 March 1999 and made an operating loss of £0.8m.  Net assets on
disposal are estimated at £0.1m.

After adjusting for liabilities to be retained by De La Rue and taking into
account costs associated with the transaction, the company expects to make a
loss on disposal of approximately £0.9m.

Commenting on the sale, Pietro Armanini, managing director Cash Systems
division, said: 'These disposals will enable us to concentrate on our core
activities of cash handling. I am confident that within Cash Systems division
we now have a sound business with a strong market position.'

The sale will not directly affect De La Rue's other cash handling businesses
in Germany which will continue to provide banks and retailers with cost
effective and innovative cash handling products and services. 


4 January 2000

Enquiries:       

Paul Hollingworth        Finance Director                01256 329122
Mark Fearon              Head of Corporate Affairs       01256 605344