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ISA International (ISA)

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Monday 29 November, 1999

ISA International

Disposal of The Little Red Book Company

ISA International PLC
29 November 1999

  Disposal of The Little Red Book Company (UK) Limited

On  22  November  1999,  ISA  International  plc  ('ISA')
disposed  of its entire shareholding in LRB  to  a  newly
formed  holding company, EXY Group Limited ('EXY')  which
consists   of  3  companies  engaged  in  the  recycling,
remanufacture  and  distribution  of  electronic   office
supplies ('EOS').

LRB  is  a remanufacturer of EOS, specialising in printer
toners  and ink jets, and had net assets of approximately
£500,000  at  the date of disposal. As consideration  ISA
will receive 32% of EXY's enlarged share capital.

ISA  will  treat  its  retained  holding  in  EXY  as  an
associate  investment,  and  should  benefit  from   cost
savings  and  integration benefits in the newly  enlarged


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