Firstbus PLC - Acquisition Completed

RNS No 3080a
FIRSTBUS PLC
4th December 1997
                     FIRSTBUS PLC ('FIRSTBUS')
                     -------------------------
                                 
                FIRSTBUS COMPLETES THE PURCHASE OF
                ----------------------------------
       51 PER CENT. OF BRISTOL INTERNATIONAL AIRPORT ('BIA')
       -----------------------------------------------------
                                 
FirstBus, one of the UK's leading passenger transport operators,
announced on 10th November, 1997 that it had been selected as the
preferred purchaser in relation to a 51 per cent. equity interest
in BIA.

It has now completed the acquisition for a cash and loan note
consideration of #40 million, with the possibility of a further
payment of up to #2 million if certain cost targets in relation to
building the new terminal are met.  Bristol City Council retains a
49 per cent. interest.

Enquiries
---------

FIRSTBUS PLC                  Tel:      0171 291 0500
------------

Trevor Smallwood (Executive Chairman)
Moir Lockhead (Deputy Chairman and Group Chief Executive)
Tony Osbaldiston (Finance Director)
Christopher Ashton-Jones (Investor Relations)


LAZARD BROTHERS & CO., LIMITED          Tel:      0171 588 2721
------------------------------

David Anderson (Managing Director)


Hudson Sandler                Tel:      0171 796 4133
--------------

Michael Sandler
Nick Lyon

END

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