Conditional Placing

Begbies Traynor Group PLC
15 July 2005

15 July 2005


Begbies Traynor Group plc

Placing of 6,200,000 new Ordinary Shares and 8,450,000 existing Ordinary Shares
at £1 per share

Begbies Traynor Group plc ('BTG' or 'the Group') (AIM: BEG) announces that it
has, today, arranged the placing of 6,200,000 new Ordinary Shares of 5 pence
each at £1 per share, raising £6 million after estimated expenses, which will be
utilised to fund the continuing planned expansion of the Group.

In response to significant excess demand and to improve the level of free float
and liquidity in the shares of BTG, Ric Traynor (Executive Chairman) and Andrew
Dick (Chief Operating Officer), acting jointly, have also placed 8,450,000
existing Ordinary Shares at the same price. This follows a transfer by them of
5,000,000 shares to the joint ownership of their wives on 12 July 2005,
representing 6.9% of the enlarged issued share capital.

As a result of the placings, the issued capital of BTG increases by 9.4% to
72,209,376 Ordinary Shares of 5 pence each. The combined holdings of Ric Traynor
and Andrew Dick (excluding the holdings of their wives) reduce from 68.9% to
51.3% of the total issued capital and the free float increases from 16.8% to
35.6%.

The placing of new Ordinary Shares, which will rank parri passu in all respects
to existing shares, is conditional on their admission to trading on AIM, which
is expected to be on 21 July 2005.

The placing was arranged as a result of significant institutional interest in
BTG, following the announcement on 4 July 2005 of its maiden results to 30 April
2005 and in the context of a number of potential acquisitions in respect of
which BTG is in various stages of discussion, in accordance with the stated
objectives of the Group. The most imminent of these, which is in the final
stages of negotiation, relates to an independent insolvency practice with an
annual turnover of circa £3.5m. The new monies raised for the Group, added to
existing facilities, should mean that BTG is fully financed for all its
currently anticipated acquisitions and organic growth plans.

Teather & Greenwood Limited and Shore Capital & Corporate Limited jointly
arranged the placings, on behalf of BTG, Ric Traynor and Andrew Dick.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, said:

'We are pleased to welcome our new institutional shareholders, and were
delighted by the level of appetite for our shares. Begbies Traynor now has ample
funds to achieve its current expansion plans, which include making further
acquisitions, coupled with continued organic growth.'

Dividend Payment

The announcement by BTG on 13 July 2005, referred to its proposed dividend
declaration in September 2005. In error, that announcement stated that the
ex-dividend date would be 9 September 2005; whereas that date is the Record
date, with the shares becoming ex-dividend on Wednesday 7 September 2005.

Enquiries, please contact:

Ric Traynor/Graham McInnes
Executive Chairman/Finance Director
Begbies Traynor Group plc
0161 839 0900

Jeff Keating/Adam Pollock
CorporateFinance/Sales
Teather &Greenwood
020 7426 9000

Mike Sawbridge/John Ritchie
Corporate Finance/Sales
Shore Capital & Corporate Limited
0151 600 3700

Neil Boom /Rosemary Acfield
Gresham PR Ltd.
020 7404 9000

Note to Editors

About Begbies Traynor Group plc

The Group specialises in business insolvency management and is becoming
increasingly active in the area of personal insolvency. It also offers services
in corporate rescue and forensic investigation services and has entered the
field of corporate finance through the acquisition of MCF Corporate Finance. In
addition, the Group recently acquired FDB International, an established
commercial investigation and security agency.

The Group has grown to its current network of 26 nationwide offices ranging from
Scotland to the South West of England, with over 275 operatives. The Company
intends to pursue a strategy of organic development, coupled with the
acquisition of specialist knowledge of both individuals and firms, to further
increase its market share in its core services.

The Directors believe that the Group is the UK's largest independent insolvency,
corporate rescue and recovery specialist with clients ranging from major
institutions to individuals with business difficulties.

The Office Network

The Group operates with 60 licensed insolvency appointment takers, some 155 fee
earning staff and 55 in support and administration. The Group operates from 26
locations of which five are regional offices, a further ten are full offices and
eleven are satellites.

Business Activities

The core business of the Group is the formal administration of insolvencies
including receiverships, liquidations, administrations, company voluntary
arrangements and business related personal insolvencies. The Group has extended
its activities into a range of consultancy services including corporate rescue,
credit management, forensic and investigation services and corporate finance.



END






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