RNS No 7604m
AMER GROUP LTD
1st July 1997


            SALE OF AMER GROUP LTD'S K SHARES
 
The  representative of the Student Union of the  Helsinki
School  of  Economics  and Business  Administration  (KY)
informed  the Company on 30 June at 20.37 p.m. that  Lord
Moyne (Jonathan Bryan Guinness) has definitively approved
KY's  offer  to  sell its Amer Group Ltd K  shares.   The
approval  covers 275,000 K shares, representing 12.5  per
cent of the Company's voting rights.
 
According   to   the   aforementioned   information   the
transaction  will  be  finalised as  soon  as  all  other
conditions included in the agreement have been fulfilled.
 
 
AMER GROUP LTD
Communications Department
 
Marja-Leena Simola
Vice President, Communications
 

END


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