US ALLEGATIONS

De La Rue PLC
09 July 2003


                                 DE LA RUE PLC

                      DE LA RUE - ALLEGATIONS MADE IN USA


De La Rue has become aware of allegations made in a US Federal Court yesterday
that the Company's holographics subsidiary engaged in an illegal price fixing
scheme in relation to the supply of holograms for Visa Banking cards in 1997, in
violation of the US anti-trust laws. De La Rue understands that the Department
of Justice is conducting an investigation into these allegations.

De La Rue is investigating the matter with urgency and intends to co-operate
fully with the relevant authorities. In the event of there being any substance
to these allegations, De La Rue has been advised that the penalties could range
from 20% of the relevant turnover in the relevant year up to $10 million. The
estimated turnover of the supply of Visa holograms manufactured by the Company
in 1997 is $5 million.

The individual implicated in the allegations made yesterday left the business in
October 1999.

Further announcements concerning this matter will be made by the Company as
appropriate.

                                     -ends-


For further information please contact:


Mark Fearon         Head of Corporate Affairs       [phone]
Mike Smith/         Brunswick                       [phone]
Jonathan Glass


9 July 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
                GFZM