RNS Number:1051K
Seymour Pierce Group PLC
16 April 2003




FOR IMMEDIATE RELEASE     16th April 2003




                            SEYMOUR PIERCE GROUP PLC




Issued on behalf of Seymour Pierce Group Plc Date: 16 April 2003


Seymour Pierce Group Plc ("the Group") - Disposal of Seymour Pierce Green


In connection with the strategic review, the Group today announces that it has
entered into a contract for the disposal of the businesses comprising Seymour
Pierce Green, the Group's private wealth management division, to Peter Green,
the managing director of Seymour Pierce Green.


Seymour Pierce Green includes companies engaged in onshore and offshore
regulated investment management, and trust and advisory activities.


The consideration, which is payable in cash on completion, is #302,462. It
comprises payment for net assets of approximately #252,462 and goodwill of
#50,000. The losses before tax attributable to these assets in the year ended 30
September 2002 was #399,000.


The disposal of Seymour Pierce Green is a related party transaction under the
AIM Rules. The directors of the Group (the "Directors") consider, having
consulted the Group's Nominated Adviser, the investment banking division of ING
Bank N.V., London Branch ("ING Barings"), that the terms of the disposal of
Seymour Pierce Green are fair and reasonable insofar as the shareholders of the
Group are concerned. In giving its advice to the Directors, ING Barings has
taken into account the Directors' commercial assessments of the disposal.


The disposal is conditional upon receiving regulatory change of control
approval.




Enquiries:

Jeremy Garrett-Cox     ING Barings     020 7767 1000

David Bick             Holborn         020 7929 5599


ING Barings, which is regulated in the United Kingdom by The Financial Services
Authority, is acting exclusively for Seymour Pierce Group Plc and no one else in
connection to the matters described in this announcement and will not be
responsible to anyone other than Seymour Pierce Group Plc for providing the
protections afforded to its customers or for providing advice in relation to the
contents of this announcement or any transaction or arrangement referred to
herein.





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