DMGO Daily Mail Tst.

RNS Number:5565G
Daily Mail & General Trust PLC
2 March 2000


DMGT has announced that its DMG Information division ('DMGI') has agreed to
sell its interest in its subsidiary Vetstream plc ("Vetstream") as part of a
general offer by Premium Petcare Ltd. The consideration is partly to be in the
Premium Petcare shares and partly in cash. The cash element will be used to
reduce Group indebtedness. The transaction values DMGI's interest in Vetstream
at approximately #2 million.

Martin Morgan, Managing Director of DMG Information said: "Combining Premium
Petcare's Internet consumer pet products business, www.petspyjamas.com, and
Vetstream's professional CD ROM information business is extremely attractive
and will significantly enhance Vetstream's potential".

Since DMGI's initial investment in 1996, Vetstream has launched a range of
products providing world class clinical information for practising
veterinarians and its products are now purchased on subscription in 50
countries.

DMGI is rapidly growing the two principal parts of its information business,
in the international education market through Hobsons and Study Group
International, and in a series of niche business to business sectors, the
latter predominantly using the internet. DMGI portfolio companies
predominantly serve international markets from operations in the UK, USA,
Australia, and in India where it has software and data management
subsidiaries.

Note: the net assets of Vetstream being sold are negligible.


Enquiries to: 
Martin Morgan, Managing Director, DMG Information  - 01223 273 420
Paul Sykes, Finance Director, DMG Information - 01223 2733420
Peter Williams, Finance Director, DMGT - 020 7938 6631


END

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