Amend - Additional Listing

Character Group PLC
03 December 2003


                                  Amendment

The issuer advises that the following replaces the Additional Listing
announcement released today at 1404 hours under RNS 8186S. The date in the first
line of text should have read 12 November 2003. All other details remain
unchanged.

The Character Group PLC ('Character Group' or 'the Company')

Conversion of loan note by Valtidone SpA and Listing Application

Following the announcement made by the Company on 12 November 2003 regarding the
partial conversion of the £4,600,000 (nominal) convertible loan note ('the Loan
Note') by Valtidone SpA ('Valtidone'), the Company announces that it has issued
and allotted a further 7,500,000 new ordinary shares of 5p each ('New Ordinary
Shares') to Valtidone following the due exercise by Valtidone of the remainder
of its rights of conversion in respect of the outstanding £3,000,000 (nominal)
of the Loan Note at the conversion price, fixed under the terms of the Loan
Note, of 40p per New Ordinary Share ('the Loan Note Conversion').

Following the Loan Note Conversion, Valtidone will have an interest in 7,500,000
new ordinary shares of 5p each in the Company which will represent approximately
14.2 per cent. of the issued ordinary share capital of the Company as enlarged
by the issue of the New Ordinary Shares.

Application has been made to the UK Listing Authority and to the London Stock
Exchange for the New Ordinary Shares to be admitted to the Official List and to
trading on the London Stock Exchange's market for listed securities ('Admission
'). It is expected that Admission will occur on 8 December 2003.

3 December 2003


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