Preference Share Capital

600 Group PLC
12 September 2001

                                                             12 September 2001





                                The 600 Group PLC

            CANCELLATION AND REPAYMENT OF PREFERENCE SHARE CAPITAL


The 600 Group PLC announces that, following the reduction of capital becoming
effective on 10 September 2001, the listing of the 4.5% cumulative preference
shares and 6.5% second cumulative preference shares in the capital of the
Company will be cancelled with effect from the close of business on 12
September 2001.


It is expected that cheques will be posted to preference shareholders who are
on the register at the close of business on 12 September 2001 within 14 days.



                                     ENDS