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Foster(John) & Son (FTJ)

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Monday 09 July, 2001

Foster(John) & Son

Restructuring

Foster(John) & Son PLC
9 July 2001

For Immediate Release to Company Announcements Office

John Foster & Son PLC (the ''Company'')

The Board of John Foster & Son plc indicated on the 22 February that the
Company was in discussions with a number of third parties that could change
the direction of the Company and that it expected that a further announcement
would be made in the Spring.

It has not been possible to accommodate that timetable but the Board is now in
a position to state that discussions have reached a stage of development with
one of the parties that leads it to believe that constructive proposals, which
will change the direction of the Company, are capable of being placed before
the shareholders for their approval within the next three months.

9 July 2001

Enquiries
John Waites, Director        John Foster & Son PLC                01895 204 361



                                                                                
                                      

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