QDG Quadnetics Grp

RNS Number:9374L
Quadrant Group PLC
22 October 2001

                              Quadrant Group plc

                                   Disposal


Quadrant Group plc ("Quadrant") is pleased to announce that on 19 October 2001
it completed the sale of Axiom Design & Print Limited ("Axiom") to Trilogy
Media Group Limited for approximately #650,000 in cash, with a possible
adjustment up or down depending on the value of net assets at completion. At
completion Axiom had net cash of approximately #120,000.


Quadrant is also entitled to receive additional deferred consideration
representing 50% of the value of future corporation tax saved through
utilisation of Axiom's carry forward tax losses.


The consideration will be used by Quadrant for working capital.


Axiom and its subsidiary, C3 Design & Print Limited, are involved in the
business of photographic and electronic image processing, lithographic
printing and graphic design. They earned a profit before tax of #94,000 in the
year ended 31 May 2001 and had net assets of #548,000 at that date.


David Coghlan, Quadrant's Chief Executive, commenting on the disposal, said
"the management of Axiom have done an excellent job in turning around and
developing the business over the past few years. We are pleased that Axiom has
now gone to a new owner committed to further expansion in the design and print
sector. The sale enables Quadrant to focus on its growing electronic systems
businesses".


22 October 2001

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