Exhibit 99.1

Company Press Release

CBT Group Completes Acquisition of Knowledge Well

CBT Group Gains Access to Major New Market Opportunities Through Knowledge Well
Business Offerings

REDWOOD CITY, Calif., June 24 /PRNewswire/ -- CBT Group (Nasdaq: CBTSY - news),
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a leading provider of interactive education software for information technology
training, today announced that it has completed the acquisition of Knowledge
Well, a provider of business, management and professional education using online
learning technologies.  The acquisition was approved overwhelmingly by CBT's
shareholders earlier this month, with approximately 99 percent of the
shareholders that voted ratifying the acquisition.

"This is a major development for CBT Group," commented William G. McCabe, CBT
Group chairman. "CBT Group was instrumental in creating and defining the
interactive education software space in the information technology arena and has
continually advanced the boundaries of that marketplace.  Knowledge Well has
also been a leader, creating a new model for the delivery of business degrees
and business and professional education using online learning technologies.
This acquisition brings together an established industry powerhouse and an
innovative pioneer.  We expect the combination to be a powerful one."

"We now have a major opportunity to apply online learning technologies to a
broader professional marketplace," added Gregory M. Priest, CBT Group's
president and chief executive officer.  "The completion of our acquisition of
Knowledge Well is an important step in our ongoing strategy to move CBT Group
forward into the next century.  CBT Group has established itself in the
marketplace by creating a powerful development process and organization and
strong customer relationships.  Throughout the different areas of our business,
CBT Group has made further major strides forward over the last few quarters.  We
have established what we believe is a very strong foundation from which to
address the opportunities that lie before us.  We confidently expect Knowledge
Well to be an important part of our future."

Under the terms of the acquisition agreement signed late last year, CBT Group
issued approximately four million shares in exchange for all of the outstanding
capital stock of Knowledge Well.  In addition, CBT Group assumed outstanding
Knowledge Well options.

The Company expects to account for the transaction as a purchase.  Accordingly,
the company expects to record a one-time charge of approximately $8 million
during the second quarter in connection with the write-off of acquired in-
process research and development, as well as professional fees and other costs
associated with the acquisition.  CBT Group will also record goodwill in
connection with the acquisition, which it plans to amortize at the rate of
approximately


$2 million per quarter. Knowledge Well's results will be included in CBT Group's
financial reports beginning on the closing date.

This press release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.  Any forward-looking statements in
the press release are subject to certain risks and uncertainties that could
cause actual results to differ materially from those stated.  Factors that could
cause or contribute to such differences include those discussed in CBT Group's
Form 10-K for the year ended December 31, 1998.  Any forward-looking statements
in this press release reflect management's opinions only as of the date hereof
and CBT Group assumes no obligation unless required by law to revise or publicly
release the results of any such forward-looking statements.

About CBT Group

CBT Group PLC is a leading provider of interactive education software for
information technology professionals in business, education and government
markets worldwide.  The company's comprehensive library, which covers a range of
client-server, mainframe and Internet and intranet technologies, is used by the
world's leading organizations to train employees to develop and apply mission-
critical technologies in the workplace.

For information about CBT Group's products, call 888-714-5900, fax 800-387-0933,
or send an email to salesinfo@cbtsys.com.  CBT Systems is located on the World
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Wide Web at http://www.cbtsys.com.
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CBT Systems and the CBT Systems logo are trademarks of CBT Group PLC.  All other
company and product names may be trademarks of the respective companies with
which they are associated.