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LEP GROUP NAMES DIRECTORS

 GREENWICH, Conn., Nov. 20 ~PRNewswire~ -- LEP Group plc (NASDAQ-NMS: LEPGY) announced today that Mr. Digby J. Davies and Mr. Ronald C. Series have been appointed to the board of the company.
 Both Mr. Davies, aged 34, and Mr. Series, aged 41, both qualified as chartered accountants in South Africa respectively with Deloitte Haskins & Sell and KPMG Peat Marwick.
 Prior to taking up residence in the U.K. in 1990, Mr. Series was engaged as group finance director of National Brands Ltd. the holding company for the food interests of Anglovaal Ltd. During his eight years with Anglovaal, Mr. Series served on the boards of various subsidiaries of which two were listed on the Johannesburg Stock Exchange. Mr. Series has taken a leading role in the negotiation of the various banking arrangements involved in the LEP reconstruction, having been engaged in other corporate recovery activity with David James since 1990.
 Mr. Davies transferred to Coopers & Lybrand in London in 1985 and remained with them until early in 1992 when he became a full time member of the corporate rescue team operated by David James. He has been engaged in various aspects of the LEP reconstruction since that time.
 Mr. Davies and Mr. Series will act in an executive role for LEP and will undertake specific responsibility for the accounting, financial, administrative and treasury functions of the group.
 LEP Group Chairman, David James commented, "I am very pleased to welcome Mr. Davies and Mr. Series to the board. Following the resignations of Mr. John East and Mr. Michael Kirkman today, this completes the reorganization of the LEP Group board to carry forward the recovery strategy made possible by the recent financial reconstruction."
 LEP's ordinary shares trade in the form of ADRs on the NASDAQ National Market System under the symbol "LEPGY."
 -0- 11~20~92
 ~CONTACT: David N. James in Epsom, England: 011-44-37272-9595, or George V. Flagg, 203-531-3500, both of LEP~
 (LEPGY)


CO: LEP Group plc ST: Connecticut IN: SU: PER

LR-TS -- NY043 -- 3461 11~20~92 15:04 EST
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Publication:PR Newswire
Date:Nov 20, 1992
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