Acquisition

Milestone Group PLC
28 June 2004


For Immediate Release                                     Monday 28th June 2004


                              MILESTONE GROUP PLC


                    AGREEMENT TO ACQUIRE BROADCAST EQUIPMENT


Milestone Group PLC ('Milestone'), the AIM-listed cross media group, today
announces that it has entered into an agreement to acquire a substantial amount
of television broadcasting studio and transmission equipment from Trant
Construction Limited ('TCL').


The equipment, which will be utilised by Milestone's recently acquired local
television licence in Southampton, has been purchased for a consideration of
£250,000 inclusive of VAT. TCL has agreed that the consideration shall be
immediately applied by it to subscribe for 250,000 new ordinary shares of 10p
each in Milestone at £1.00 per share. Application has been made for admission of
such shares to trading on AIM.


As part of the agreement TCL have provided a number of warranties and
indemnities in relation to the equipment sold. The shares to be issued to TCL
have been credited as fully paid, ranking pari passu in all respects with the
existing Milestone shares, and will represent approximately 1.13 per cent. of
the then enlarged issued ordinary share capital of Milestone. TCL has undertaken
(subject to limited exceptions) not to dispose of any of the shares subscribed
by it in Milestone for a period of twelve months.


Andy Craig, Chief Executive, said:


'This agreement offers excellent value to Milestone providing us with a
significant amount of broadcasting equipment and studio fixtures and fittings
which will specifically benefit our new local television service in the
Southampton region. We have now re-branded this service as SIX TV and we look
forward to developing a successful extension to our television operation in the
South of England.'


For further information please contact:

Milestone Group PLC                            Tel: [phone]
Andy Craig / Daniel Cass

Buchanan Communications                        Tel: [phone]
Bobby Morse / James Strong


                                      ENDS






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