EGM Statement

Milestone Group PLC
11 September 2006


For Immediate Release                                         11 September 2006



                              Milestone Group PLC

                            EGM STATEMENT / DISPOSAL

AIM listed Milestone Group PLC ('Milestone' or 'the Company') announces the
approval by Shareholders of the two ordinary resolutions (the 'Resolutions')
proposed at the Extraordinary General Meeting ('EGM') of the Company held this
morning. Over 99 per cent. of the qualifying Shareholder votes received by proxy
were cast in favour of the Resolutions or at the Chairman's discretion.

Following the passing of the Resolutions, Milestone has now completed the
disposal of its wholly owned Property Weekly Business to Tindle Newspapers
Limited for a consideration of £1.4 million, payment for which has been received
in full. The full terms of the disposal are as per the announcement made to the
London Stock Exchange by the Company on 29 August 2006. In line with this
announcement, Milestone confirms it is on course to complete the sale of the
whole of the remainder of its publishing division on or around 15 September
2006.

Following the EGM, Andy Craig, Chief Executive, commented:

'The Board is delighted to have successfully completed the disposal of the
Property Weekly Business for £1.4 million, almost £0.4 million more than had
originally been offered for the whole of Milestone's publishing division. This
improved price reflects the Board's unstinting commitment to achieving maximum
value, and follows the Company's successful expansion into new territory with
the launch of Newbury Property Weekly and new on-line property portals earlier
this year.

'Following the disposal of Milestone's publishing division, the Company will
continue to operate its television division and will hold significant cash
reserves. The Board will seek to complete its ongoing review of future strategy
over the coming weeks, continuing to explore all opportunities to ensure the
best interests of Shareholders are served, including evaluating potential
opportunities to realise the value of the Company's local television holdings
and AIM listing.'

For further information



Milestone                     Tel: [phone]
Andy Craig / Daniel Cass



Arden Partners                Tel: [phone]
Richard Day


Buchanan Communications       Tel: [phone]
Bobby Morse/Suzanne Brocks




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