Article: Stewart Enterprises in Discussion to Sell European Operations.

Business Editors

METAIRIE, La.--(BUSINESS WIRE)--Sept. 25, 2000

Stewart Enterprises, Inc. (Nasdaq NMS:STEI) announced today that it is in discussion with Funespana, S.A., a publicly traded death care company domiciled in Madrid, Spain, regarding the possible sale of all of Stewart's operations in Europe. Those operations include Spain, Portugal, France, Belgium and The Netherlands serving approximately 27,500 families a year.

William E. Rowe, chief executive officer and president of Stewart, stated, "As previously announced, Stewart has implemented various initiatives to generate cash and reduce debt including consideration of the possible ...

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