Quadrant Group Plc - Re DiscussionsTerminated

RNS Number:2962B
Quadrant Group PLC
23 November 1999

                               
                               
On   8  June  1999  Quadrant  Group  plc  (the  "Company"   or
"Quadrant")  announced that it had received an  approach  that
may  or  may not lead to an offer being made for the  Company.
Discussions regarding the approach have continued.  Since then
two other developments have been announced:

1.   On  27  September 1999, following shareholders' approval,
     Quadrant   entered   into  a  Strategic   Alliance   with
     FlightSafety  Boeing Training International  Inc  ("FSB")
     under  which  FSB purchased Quadrant's three full  flight
     simulators  for #4.5 million, Quadrant agreed to  provide
     maintenance  and other services to FSB for a  minimum  of
     five years, and FSB and Quadrant agreed to co-operate  in
     other  areas.   FSB  is the world's largest  provider  of
     simulator  training for civilian airline  pilots.   As  a
     result  of  this  transaction  Quadrant's  net  debt  was
     substantially eliminated.

2.   On  9 November 1999 Quadrant announced that its 50% joint
     venture  company  had won selection by  the  Ministry  of
     Defence  as  Preferred  Bidder for an  approximately  #50
     million  30  year Public Finance Initiative contract  for
     the  provision of simulator flight training for the RAF's
     E3D Sentry aircraft.

The  Directors  of  Quadrant consider that, provided  the  E3D
contract  is successfully finalised by April 2000 as  planned,
these  two  developments taken together are likely to  have  a
significant  positive  impact  on  the  future  value  of  the
Company,  and  have  made  it unlikely  that  the  discussions
referred to on 8 June would result in an offer being made  for
the  Company  that the Directors would be able  to  recommend.
The discussions have therefore terminated.


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