71HQ Morgan St.27

RNS No 1473k
TBI FINANCE PLC
13 May 1999


Contacts:     Keith Brooks, Chief Executive
              TBI plc                                      0171 355 2345

              David Bick
              Holborn Public Relations                     0171 929 5599      
                                              david_bick@holbornpr.co.uk


                      TBI Finance PLC ("the Company")

                   Early redemption of the 83/4 per cent. 
             First Mortgage Debenture Stock 2019 (the "Stock")

The Board of the Company announces today that, in connection with the proposed
disposal of substantially all of the non-airport related investment and
development properties of the TBI Group (excluding the Hilton Cardiff Hotel)
("the Disposal") which was announced today, the Company proposes to redeem the
Stock prior to its final maturity date at a price of #150.169  per #100
nominal of Stock (together with accrued interest).

The Stock will be redeemed contemporaneously with completion of the Disposal. 
In the event of completion not taking place by 27 June 1999, the proposed
redemption and release of security will not take place and the Stock will
remain outstanding as at present.  


 END


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