Change of Name

Immediate Release: 23 May 2005

                                Toad Group plc                                 

                                (`the Company')                                

                          Change of name to TG21 plc                           

Further to the Company's Annual General Meeting on 17 May at which the special
resolution to change the name of the Company to TG21 plc was passed I can
confirm that the Registrar of Companies has issued a Certificate Of
Incorporation On Change Of Name.

Peter Ward

23 May 2005

For enquiries please contact:

Peter Ward

Chairman, Toad Group plc

Wilson Jennings

Finance Director, Toad Group plc

Tel: [phone]

Andrew Tan

Hansard Communications

Tel: [phone]