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Kelsey Industries. (KLSY)

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Monday 15 November, 1999

Kelsey Industries.

Several Offers Received for Multicore

Kelsey Industries PLC
15 November 1999

               Kelsey Industries PLC ('Kelsey' or the 'Company')

Kelsey  has noted the recent movement in its share price.  Kelsey has received
a  number  of  preliminary expressions of interest in acquiring its  principal
division,  Multicore, which may or may not lead to an offer for  the  Company.
The  Company  and  its  advisers have considered  the  strategic  options  for
Multicore  and believe it could be worth significantly more than  its  current
valuation  if  integrated within a larger multinational organisation.   Kelsey
wishes  to emphasise that any discussions are at a very preliminary stage  and
that there can be no certainty that any formal proposal will be forthcoming.

Enquiries:

Kelsey                             0468 502896
Peter Savage, Chairman             
                                   
Close Brothers Corporate Finance   020 7655 3100
Tom Quigley                        
Martin Gudgeon                     

       

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