[btns]

19 February 1991
Dear Sir
The Board of J R Gaunt & Son Limited ("Gaunts") and Firmin & Sons pic ("Firmins")
are pleased to announce that the Insignia and Factored businesses formerly carried
on by Gaunts have been purchased by Firmins, who have agreed to take over all the
outstanding contracts of those businesses.
Gaunts has been located for the last two years in the Icknield Street factory
which also accommodates the activities of The Birmingham Mint Limited.
Due to the need to install plant and machinery recently ordered by The Birmingham
Mint Limited in the area currently occupied by the Gaunts business, the Board of
The Birmingham Mint Limited have reluctantly had to take the decision to sell the
Gaunts business.
This decision was not taken lightly, but we believe that by selling this business
to Firmins, a company with long history and experience in this market, the best
interests of the customers and employees of Gaunts will be served.
With effect from today's date, therefore, all correspondence relating to any
aspect of the business (with the exception of settling outstanding balances
currently due to or from J R Gaunt & Son Limited) should be directed to:
Firmin & Sons pic
Globe Works
82 Newtown Row
Birmingham
B6 4HU