COD Compagnie De Saint-gobain

RNS No 9265h
FALCON HOLDINGS PLC
22nd February 1999


The Board announces that it is in discussions with 
Oliver Ashworth Group PLC, a subsidiary of Compagnie de 
Saint-Gobain, in connection with the disposal of the 
business and certain assets of Walker and Staff 
Limited.  A further announcement is expected to be made 
shortly.

In the meantime, shareholders are advised to take no 
action pending further advice from the Board.

ENQUIRIES:

Falcon Holdings Plc                  Tel: 01277 720175
Colin Pearce (Finance Director and Company Secretary)

Henry Cooke Corporate Finance Ltd    Tel: 0161 832 2288
Philip Johnson


END

DISNFKANFSNNEFN

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