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Dr Solomon's Group PLC Initial Public Offering.

NEW YORK--(BUSINESS WIRE)--Nov. 26, 1996--Dr Solomon's Group PLC, a leading international supplier of anti-virus software, headquartered in Aylesbury, U.K., today announced the pricing of its initial public offering at $17 per American Depositary Share (ADS), the top of the $15 to $17 range indicated in the preliminary prospectus.

The total offering comprised 5.7 million ADSs ($96.9 million), representing 17.1 million ordinary shares, with 4 million ADSs being offered in the United States and 1.7 million ADSs being offered internationally. Seventy percent of the shares offered were primary shares, 30 percent were secondary shares being sold by the shareholders of the company, including certain leading venture capital investors, among which is Apax Partners & Co. Ventures Ltd. Based on the offering price, the company's market capitalisation is now approximately $310 million.

Goldman, Sachs is lead manager for the transaction, with Hambrecht & Quist as co-lead manager. Co-managers in the European tranche are Beeson Gregory and Hambrecht & Quist Saint Dominique. The company's ADSs have been approved for quotation on NASDAQ under the symbol "SOLLY" and on EASDAQ under the symbol "SOLL." Dr Solomon's PLC is the first company to announce a joint listing on both NASDAQ and EASDAQ.

Copies of the prospectus can be obtained from: The Prospectus Department, Goldman, Sachs & Co., 85 Broad St., New York NY 10004, phone 212/902-1172.

CONTACT: Shandwick Consultants Limited

Rebecca Iveson/Monique Dumas, +44-171-329-0096

Matthew Hooper, +44-171-329-0096
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Publication:Business Wire
Date:Nov 26, 1996
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