RNS No 7900n
SIRDAR PLC
1st July 1997


                     Sirdar PLC ("Sirdar")
    Reorganisation of investment in Acropolis Hotels Limited
                               
Sirdar, the Wakefield based textiles group, announces that  it
has  reorganised  its investment in Acropolis  Hotels  Limited
("Acropolis"), an associated company.  Previously, Sirdar held
a  50% stake in Acropolis which owned and operated two hotels,
one in Wakefield and one in Bradford.  With effect from 1 July
1997  Acropolis  has demerged its interest  in  the  Wakefield
hotel  into  a  separate  company on the  basis  of  an  equal
division  of  the net assets at 30 June 1997 using  valuations
prepared by Christie & Co.

The  existing  company  is now a wholly  owned  subsidiary  of
Sirdar  and  operates the Bradford hotel.  A new  company  has
been  formed to own and operate the Wakefield hotel  and  this
company is now controlled by Sirdar's ex-partners in the joint
venture.

The  effect  on Sirdar's profit and loss account is  that  the
share of profit of associated company (approximately #725,000)
will  be  replaced by turnover, operating costs  and  interest
payable  thereby producing profit before taxation of a broadly
similar  amount.   Similarly, the effect on  Sirdar's  balance
sheet   is   that   the   investment  in  associated   company
(approximately #7,000,000) will be replaced by tangible  fixed
assets  and  bank borrowings with a negligible impact  on  net
assets;  bank  borrowings have increased by a #3,300,000  bank
loan  repayable in quarterly instalments over four and a  half
years.

As a result of the demerger, Sirdar is now able to consolidate
and develop the Bradford hotel in line with its objectives.

Enquiries:

F G Lumb
Chairman/Managing Director - 01924 371501


END