Circular Posted, etc

Character Group PLC
27 July 2000


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


Publication of circular


Pursuant to the announcement made by the Company on 17 July 2000, the board of
directors of Character Group announces that a circular to shareholders in
relation to the proposed subscription by Toys Investment S.A. ('the
Subscription') was posted to shareholders on Wednesday 26 July 2000. The
circular incorporates a notice of Extraordinary General Meeting, which will be
held on Friday 18 August in order to approve a special resolution in relation
to the Subscription. Completion of the Subscription is expected to occur on 21
August 2000.

The Extraordinary General Meeting will be held at the offices of Citigate Dewe
Rogerson, 26 Finsbury Square, London EC2A 1DS at 10.00 am on Friday 18 August.
Copies of the circular are available for collection (free of charge) from the
Company, 86-88 Coombe Road, New Malden, Surrey KT3 4QS.