RNS Number:9298P
IWP International PLC
18 September 2003

                             IWP International plc



                   IWP International plc - discussions ended



On 25 August 2003, the Board of IWP International plc ("IWP") announced that it
had received an initial approach from a consortium led by some members of the
management team in relation to a possible offer for all of the share capital of
IWP.  IWP today announces that it received a proposed offer of 44 cent per share
from the consortium.  This proposed offer was conditional on completion of due
diligence and certain other matters.  The Independent Committee of the Board,
having fully considered the proposed conditional offer and having taken
appropriate independent advice, has decided that it does not reflect the
inherent value of the group and accordingly discussions have now ended.




Enquiries
Mr. Joe Moran       Chief  Executive, IWP International plc                  Tel:        + 353 1 661 1958

Mr. Brian O'Kelly   Managing Director, Goodbody Corporate Finance            Tel:        + 353 1 667 0420



Goodbody Corporate Finance, which is regulated in Ireland by the Irish Financial
Services Regulatory Authority under the Investment Intermediaries Act 1995, is
acting for IWP and for no one else in relation to the matters described in this
announcement and will not be responsible to anyone other than IWP for providing
the protection afforded to clients of Goodbody Corporate Finance or for
providing advice in relation to the matters described in this announcement.



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







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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