QDG Quadnetics Grp

RNS No 9430f
QUADRANT GROUP PLC
14th April 1998


             Quadrant Group plc ("Quadrant")
(The Precision Engineering and Electronics Systems Group)
                            
SALE OF SHAREHOLDING IN QUADRANT PRECISION MANUFACTURING

Quadrant  Group  plc  ("Quadrant") has  reached  agreement,
conditional  on  shareholders' approval, to  sell  its  80%
majority  shareholding in Quadrant Precision  Manufacturing
Inc ("QPM") to QPM's management for a minimum consideration
of  US $2.4 million in cash and loan notes, plus assumption
of QPM's debt of approximately $3.5 million.

In  the  15  month  period to 31 May 1997, QPM  contributed
profit  before tax and minority interest of #90,000 and  in
the  half  year to 30 November 1997 profit before  tax  and
minority  interest of #124,000.  The net assets  attributed
to  the QPM shareholding in Quadrant's balance sheet as  at
30 November 1997 were #1.2 million.

Payment terms are:

*  $1.25 million in cash on completion.

*  $750,000 to $980,000 in cash payable between completion
   and 8 September 1998, depending on the date of payment.

*  $366,000  in  loan notes repayable quarterly  over  two
   years with interest at 8% per annum.

The proceeds of sale will be used to reduce bank borrowings
and for working capital.

Following  the disposal of Yewlands Engineering last  year,
QPM  represents  Quadrant's  only  remaining  activity   in
aerospace sub-contract manufacturing.  The disposal of  QPM
will  allow Quadrant to focus on development of its two  UK
electronics  businesses,  involved  principally  in  flight
simulation   and   training  and  in  CCTV   security   and
professional audio visual systems.

A  circular will be issued shortly setting out full details
and  convening  an  Extraordinary General  Meeting  of  the
Company's shareholders in late May to consider the proposed
disposal of QPM.

For further information, please contact:

David Coghlan (Chief Executive)   01527 850080
Nigel Poultney(Finance Director)  01527 850080
Brian Coleman-Smith
(Binns & Co. Public Relations)    0171 786 9600


END

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