Re Placing

RNS Number:5069O
International Greetings PLC
26 July 2000

International Greetings Plc ("International Greetings") release stock to meet
institutional demand

In response to institutional demand, International Greetings' Directors and
their connected parties sold on 25 July 2000 2.3 million shares, 5.6% of the
company's current issued equity.  International Greetings is the leading
designer and manufacturer of greetings products and licensed stationery.  The
shares have been placed with existing and new institutional investors, at a
price of 330p per share.  The placing increases the free float of the
company's equity from 20% to 26%.

Nick Fisher, Joint Chief Executive, commented: "There has been a strong
appetite for stock from institutional investors, further encouraged by our
results we announced earlier this month.  As a result of the placing we have
broadened our institutional shareholder base and helped improved the liquidity
of our stock, for the benefit of all our shareholders."

Details of the placing are given below.

Director                          Number of    Number of       % of total
                                  Shares sold  shares retained issued share
                                                               capital

A Hedlund and connected interests 1,300,000    25,775,990      63.30%
N Fisher and connected interests  1,000,000     3,800,000       9.33%

For further information, contact:

International Greetings plc
Nick Fisher, Joint Chief Executive                         01707 630 630

Grandfield
Clare Abbot                                                020 7417 4170