RNS No 7938p
LUCASVARITY PLC
1st July 1997
                         SHARE REPURCHASE ANNOUNCEMENT

LucasVarity plc announces that on 1 July 1997, it purchased for cancellation
1.5m of its ordinary shares from Hoare Govett Securities Limited at a price of
205p per ordinary share.  This represents approximately 0.11 percent of its
current issued ordinary share capital.


For further information please contact: Andrew Willis, Company Secretary
                                        Tel: 0121 627 4728

END