IGR Ig Design Group Plc

RNS Number:2822F
International Greetings PLC
08 October 2007

                           INTERNATIONAL GREETINGS PLC
                   ("International Greetings" or "the Group")

       International Greetings establishes foothold in Australian market

International Greetings (AIM: IGR), the leading designer and manufacturer of
greetings products and film and television based licensed stationery, is
delighted to announce the acquisition of 50% of the issued share capital of
Artwrap Pty, a designer and distributor of gift wrap and greetings products in
Australia with annual revenues of approximately A$23 million (#10 million).

An initial consideration of A$3.75 million (#1.63 million) is payable in cash,
with an additional deferred consideration of up to A$1.45m (#0.63m) also payable
in cash, dependent upon the level of profitability for the 12 months to 30 June
2008.

The Managing Director and owner of the remaining 50% of the issued share capital
will continue to run the business. International Greetings will derive maximum
value from the investment by exploiting the synergy benefits available through
joint sourcing, utilising existing production capacity and shared design
resources.

Nick Fisher, Joint Chief Executive of International Greetings, commented, "I am
delighted that we have purchased this strategic stake. The Artwrap business met
all our acquisition criteria and reflects our on-going international expansion
programme. This deal offers International Greetings significant benefits
introducing us to a new market place via an established partner, and allows us
to utilise our existing resources to take Artwrap to its next stage of
development."

For further information:

Nick Fisher, Joint Chief Executive
International Greetings plc         +44 (0)1707 630630

Jeremy Carey/Rachel Drysdale
Tavistock Communications            +44 (0)20 7920 3150

Graeme Cull
Arden Partners plc                  +44 (0)121 423 8960




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