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Thursday 27 June, 2002

Daisytek Intl

Offer Update

Daisytek International Corporation
27 June 2002



DAISYTEK OFFER UPDATE.

ISA INTERNATIONAL PLC ('ISA' OR THE 'COMPANY')

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA OR
JAPAN

RECOMMENDED OFFER ('OFFER') BY ROBERT W. BAIRD LIMITED ('BAIRD') ON BEHALF OF
DAISYTEK UK LIMITED ('DAISYTEK UK'), A WHOLLY-OWNED SUBSIDIARY OF DAISYTEK
INTERNATIONAL CORPORATION ('DAISYTEK'), TO ACQUIRE ALL THE ISSUED ORDINARY SHARE
CAPITAL OF ISA

NOTICE OF CLOSING OF THE OFFER

COMPULSORY ACQUISITION OF MINORITY INTERESTS

Daisytek UK announces that as at 11.00 a.m. on 26 June 2002, Daisytek UK owned
legally and beneficially or had received valid acceptances in respect of
53,163,345 ISA Ordinary Shares, representing approximately 90.4 per cent. of the
ISA Shares to which the Offer relates.

The Offer will remain open for acceptance until close of business on 10 July
2002 and will then be closed without further notice. Daisytek intends to
exercise its rights pursuant to section 429 of the Companies Act 1985 to acquire
compulsorily all the ISA Ordinary Shares outstanding at the expiry of the
requisite notice period.

ISA shareholders should note that the Restricted Share Offer will close at 3:00
p.m. today.  ISA Shareholders should also note that the cancellation of the
admission of ISA Ordinary Shares to trading on the Alternative Investment Market
will take effect on 12 July 2002.

Baird                                                +44 (0) 20 7488 1212

Nicholas Sealy
David Silver

The Daisytek Directors and the directors of Daisytek UK accept responsibility
for the information contained in this announcement. To the best of the knowledge
and belief of the Daisytek Directors and the directors of Daisytek UK (who have
taken all reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.

Terms defined in the Offer Document dated 23 May 2002 shall have the same
meanings in this announcement unless the context otherwise requires.

Baird, which is regulated in the UK by the Financial Services Authority, is
acting exclusively for Daisytek and Daisytek UK and no one else in connection
with the Offer and will not be responsible to anyone other than Daisytek and
Daisytek UK for providing the protections afforded to customers of Baird nor for
providing advice in relation to the Offer or any other matter referred to in
this announcement.

The availability of the Offer to persons outside of the United Kingdom may be
affected by the laws of the relevant jurisdiction. Such persons should inform
themselves about and observe any applicable requirements. The Offer is not being
made, directly or indirectly, in or into or by use of the mail or by any means
or instrumentality (including, without limitation, telephonically or
electronically) of inter-state or foreign commerce of or any facilities of a
national securities exchange of Canada, Australia or Japan. Accordingly, copies
of this announcement, the Offer Document, the Form of Acceptance and any related
documents are not being, and must not be mailed or otherwise distributed or sent
in or into or from Canada, Australia or Japan and doing so may invalidate any
purported acceptance of the Offer.

US shareholders of ISA should note that the Offer is made for the securities of
a non-US company. The Offer is subject to the disclosure requirements of a
country that are different from those of the United States. The financial
information relating to ISA included in the Offer Document was prepared in
accordance with accounting standards that may not be comparable to the financial
statements of US companies. US shareholders of ISA should be aware that Daisytek
UK may purchase shares in ISA otherwise than under the Offer, such as in the
open market or through privately negotiated purchases.

This announcement does not constitute an offer to sell or a solicitation of an
offer to buy any securities.

This announcement, which is the sole responsibility of Daisytek and Daisytek UK,
has been approved by Baird solely for the purposes of section 21 of the
Financial Services and Markets Act 2000.

If you are in any doubt about the Offer or the action that you should take, you
are recommended to seek your own personal financial advice immediately from your
stockbroker, bank manager, solicitor, accountant or other independent financial
adviser duly authorised under the Financial Services and Markets Act 2000.




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