Tetra PLC - Offer Acceptances, etc

RNS No 6904q
TETRA PLC
15 April 1999


Not for release, publication or distribution in or into the
United States, Canada, Australia or Japan

Recommended Offer by

BT Alex. Brown on behalf of

The Sage Group plc ("Sage")

for

Tetra plc ("Tetra")


RESULTS OF THE MIX AND MATCH ELECTION

Further  to its announcement on 7 April 1999, Sage
announces  that the  Mix  and Match Election facility
closed at 3.00  p.m.  on  14 April  1999.   Of the
valid acceptances received under  the  Offer prior  to
the  closure  of the Mix and Match  Election
facility, elections for additional shares were made in
respect of 10,239,058 Tetra  Shares  and  elections
for additional  cash  were  made  in respect  of
4,758,722  Tetra Shares.  Accordingly  elections  for
additional  cash will be satisfied in full, whereas
elections  for additional shares will be scaled down
on a pro rata basis.

Tetra Shareholders who validly accepted the Offer by
3.00 p.m.  on 14  April 1999 and elected for
additional cash under the  Mix  and Match  Election
facility  will  receive  cash  consideration of
approximately  311.8  pence for every Tetra Share  in
respect  of which  a  Mix and Match Election was made.
This compares  with  a basic  entitlement  under the
Offer of 152.5  pence  in  cash  and 0.07559 new Sage
Shares for each Tetra Share.

Tetra Shareholders who validly accepted the Offer by
3.00 p.m.  on 14  April 1999 and elected for
additional shares under the Mix and Match  Election
facility will receive approximately  0.11072  new Sage
Shares and approximately 78.5 pence in cash for every
Tetra Share in respect of which a Mix and Match
Election was made.

In  accordance  with the terms of the Offer, a Tetra
Shareholder's entitlement  to cash will be aggregated
and rounded  down  to  the nearest  whole penny.
Fractions of new Sage Shares  will  not  be allotted
but will be aggregated and sold in the market  with
the net  proceeds  distributed  pro rata  to  the
Tetra  Shareholders entitled  to such fractions.
However, individual entitlements  of less than #3.00
will not be paid to Tetra Shareholders but will be
retained for the benefit of the combined group.

Sage announces that by 3.00 p.m. on 14 April 1999, it
had received valid acceptances of the Offer in respect
of 23,795,287 Tetra Shares, representing approximately
94.5 per cent. of the issued share capital of Tetra.
The Offer will close at 6.00 p.m. on 1 June 1999.

Sage  intends to implement the procedure under section
429 of  the Companies  Act  1985  to compulsorily
acquire  all  of  the  Tetra Shares.   A  letter
together with a statutory notice  pursuant  to section
429 will be posted on 20 April 1999 to Tetra
Shareholders who have not then accepted the Offer.
It  is  intended to apply for cancellation of the
listing of Tetra Shares  on  the Official List of the
London Stock Exchange  on  or after 2 June 1999.


Enquiries

BT Alex. Brown   0171 933 2500
Jeremy South
Charles Smith


The  Directors  of Sage accept responsibility for the
information contained in this announcement.  To the
best of the knowledge  and belief  of  the  Directors
of Sage (who have taken all  reasonable care  to
ensure that such is the case), the information
contained in  this announcement is in accordance with
the facts and does not omit anything likely to affect
the import of such information.

BT Alex. Brown, which is regulated in the UK by The
Securities and Futures  Authority Limited, is acting
for Sage and no one else  in connection  with the
Offer and will not be responsible  to  anyone other
than  Sage  for  providing  the  protections  afforded
to customers  of BT Alex. Brown or for giving advice
in relation  to the Offer.

The  Offer is not being made, directly or indirectly,
in or  into, or  by use of the mails or any means or
instrumentality (including without limitation
facsimile transmission, telex and telephone) of
interstate or foreign commerce of, or any facilities
of a national securities exchange of the United
States, nor is being made in  or into  Canada,
Australia or Japan.  Accordingly,copies  of  this
announcement  are not being, and must not be, mailed
or  otherwise distributed or sent in or into or from
the United States,  Canada, Australia or  Japan  and
persons  receiving  this  announcement
(including  custodians, nominees and trustees) must
not distribute or  send  it in, into or from the
United States, Canada, Australia or Japan.

Terms  defined in the Offer Document dated 11 March
1999 have  the same meaning in this announcement.


END

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