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LEP GROUP PUTS SWISS BANK HOUSE UP FOR SALE

 GREENWICH, Conn., Nov. 3 /PRNewswire/ -- LEP Group PLC (NASDAQ-NMS: LEPGY) announced today it had confirmed on Oct. 29 that it is considering the sale of its long-term leasehold interest in Swiss Bank House in London.
 The potential disposal of Swiss Bank House is in line with the company's stated objective of refocusing on its core business of international freight forwarding and security services.
 David N. James, Chairman of LEP Group PLC, said, "As the commercial property market is at last showing some signs of upward movement, the board of LEP has concluded that this is an opportune moment to achieve a return on LEP's investment in Swiss Bank House. LEP's residual property interests are not regarded as being part of the core businesses of the group. The proceeds of any disposal will enable a reduction in the group's substantial levels of bank debt."
 Swiss Bank House is a 196,000-square-foot city office building located next to the River Thames and below St. Paul's Cathedral. It serves as UK headquarters for Swiss Bank Corporation.
 Salomon Brothers International Limited has been retained to advise the group on this transaction.
 Lep's ordinary shares trade in the form of ADRs on the NASDAQ National Market System under the symbol LEPGY.
 -0- 11/3/93
 /CONTACT: David N. James, Epsom, Surrey, 44-071-222-8866 or George V. Flagg, Greenwich, Connecticut, 203-531-3501/


CO: LEP Group PLC ST: Connecticut IN: FIN SU:

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Publication:PR Newswire
Date:Nov 3, 1993
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