Disposal

Milestone Group PLC
15 January 2004

For Immediate Release                                   Thursday 15 January 2004

                              MILESTONE GROUP PLC

              ANNOUNCES COMPLETION OF DISPOSAL OF TIME AND FUSION

Milestone Group PLC ('Milestone'), the AIM listed cross-media group, today
announces it has completed the sale of its two radio stations in South East
London, Time FM 106.8 Limited and Fusion 107.3 FM Limited, to Sunrise Radio
Limited ('Sunrise') for an aggregate cash consideration of £1,250,000.

The full terms of the disposals are as per the announcement made to the London
Stock Exchange by Milestone upon its entering into the sale agreements with
Sunrise on 18th December 2003.


For further information:

Milestone Group PLC
Tel: [phone]
Daniel Cass

Buchanan Communications
Tel: [phone]
Bobby Morse


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