Disposal

Walker Greenbank PLC
27 January 2003



27th January 2003



       Walker Greenbank sells Textile Wallcoverings International Limited

Walker Greenbank PLC, the wallcoverings and fabrics group, has agreed the sale
of the business of Textile Wallcoverings International Limited ('TWIL'), a
distributor of third party wallcoverings based in Georgia USA, and certain of
its assets with a book value of £0.8m, to Thybony Wallcoverings International
Ltd., a USA based private company, for a consideration of £0.9m.

The consideration will be satisfied by an initial cash payment of £0.1m and
deferred cash payments of £0.8m, of which £0.7m is receivable within twelve
months following completion and the balance over the following two years,
subject to the sales of the business.

In the current financial year the profits attributable to the business were
approximately £0.1m.

The proceeds from the sale will allow further development of the Zoffany brand
in the USA and will accelerate the reduction in the group's indebtedness.

Group Chief Executive David Medcalf said 'The sale forms part of the group's
strategy to realise value for its non-core assets and represents excellent value
for our shareholders.'

The remaining part of the group's USA business that markets the Zoffany,
Harlequin and Harris brands is unaffected by this disposal.





For further information contact:

David Medcalf, Chief Executive

Walker Greenbank PLC

01509 225209


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