EXHIBIT 10.194

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in
any doubt as to the action you should take, you are recommended to seek your own
financial advice from your stockbroker, bank manager, solicitor, accountant or
other independent professional adviser duly authorised under the Financial
Services Act 1986.

Companies Form No.  429(4)
Notice to non-assenting shareholders

Pursuant to Section 429(4) of the Companies Act 1985 as inserted by Schedule 12
to the Financial Services Act 1986

To:






Recommended cash offers ("the Offers") were made on 1 June 2000 by N M
Rothschild & Sons Limited on behalf of Catalina International PLC ("the
Offeror") for all the ordinary shares of 50p each and all the convertible
preference shares of 25p each in Ring PLC ("the Company"). On 5 July 2000 the
Offers were declared unconditional in all respects.

The Offeror has, within four months of making the Ordinary Offer, acquired or
contracted to acquire not less than nine-tenths in value of the ordinary shares
to which the Ordinary Offer relates. The Offeror gives notice that it now
intends to exercise its right under section 429 of the Companies Act 1985 to
acquire ordinary shares held by shareholders of the Company who have not yet
accepted the Ordinary Offer.

The terms of the Offer are set out in the Offer Document dated 1 June 2000. The
Offers will remain open for acceptance until further notice.

The terms of the Offer are:

For every ordinary share                        50p in cash

Further details of the Offer can be found in the Offer Document.

Words or phrases used in this Notice but not defined herein shall, unless the
context otherwise requires, have the meanings ascribed to them in the Offer
Document.

If you do nothing and do not make application to the Court (see below) the
Offeror will acquire your shares on the following terms:

For every ordinary share                        50p in cash

Settlement will be made within 14 days following the expiry of the six-week
period from the date of the Notice.



If you return the Form of Acceptance sent to you with the Offer Document and
accept the Ordinary Offer, settlement will be made within 14 days of such
acceptance.

NOTE You are entitled under section 430C of the Companies Act 1985 to make an
application in the court within six weeks of the date of this Notice for an
order either that the Offer shall not be entitled and bound to acquire your
shares or that different terms to those of the Ordinary Offer shall apply to the
acquisition. If you are contemplating such action you may wish to seek legal
advice.

Signed

/S/ THOMAS BLUTH
- ---------------------------------
Director/Secretary
Catalina International PLC                                     Dated 5 July 2000

If you have not received a copy of the Offer Document or the accompanying Form
of Acceptance, or you require any further information in respect of the above
notice, please contact the New Issues Department, IRG plc, PO Box No. 166,
Bourne House, 34 Beckenham Road, Beckenham, Kent BR3 4TH (Telephone: 0208 639
2141).