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Wescol Group PLC (WCL)

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Monday 02 September, 2002

Wescol Group PLC

Urgent Financial Review

Wescol Group PLC
02 September 2002

Wescol Group PLC

The Group is experiencing severe financial difficulties during its turnaround
and physical reorganisation period, which has been aggravated by slow payment on
certain contracts and difficult industry conditions.

The Group, in conjunction with its bank and substantial shareholder is
conducting an urgent review of its current and future financial needs.

A further announcement will be made in due course.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                 

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