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Wescol Group PLC (WCL)

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Thursday 21 October, 1999

Wescol Group PLC

Result of Salzgitter Tender Offer

WESCOL GROUP PLC
21 October 1999

                            Result of Tender Offer

                                      by

                                 Salzgitter AG

          to purchase up to 14,556,510 ordinary shares of 10p each in

                               Wescol Group Plc
                         at 53p per ordinary share


The above tender offer closed at 3pm on Wednesday 20 October 1999.

Valid  tenders  have been received in respect of 23,439,055  ordinary  shares.
Tenders will therefore be scaled down on a pro rata basis, as described in the
tender offer advertisement dated 13 October 1999.

Settlement  arrangements will be made in accordance  with  the  terms  of  the
tender offer advertisement.

Following  completion of the tender offer, Salzgitter AG will own an aggregate
of  14,556,510 ordinary shares, or 26.2 per cent. of the issued ordinary share
capital of Wescol Group Plc.

                                                                       

a d v e r t i s e m e n t