EGM Statement

Character Group PLC
29 November 2005









Issued by Citigate Dewe Rogerson, Birmingham on behalf of The Character Group PLC
Date: Tuesday, 29 November 2005

                                                               Immediate Release



              The Character Group plc ('Character' or 'the Group')
                        Result of EGM and Trading Update


At today's Extraordinary General Meetings the shareholders of the Group approved
all resolutions proposed, including a resolution approving the cancellation of
the listing of the Group's issued Ordinary Shares of 5p each ('Ordinary Shares')
on the Official List of the UK Listing Authority, in light of the Board's
proposals for the admission to AIM of the Group's issued Ordinary Shares. A
final dividend of 0.9 pence per share was also approved by shareholders, which
will be paid on 27 January 2006.

It is expected that the issued Ordinary Shares in the Group will be admitted to
trading on AIM and that dealings will commence at or shortly after 8am on Friday
2 December 2005. The listing of the issued Ordinary Shares on the Official List
will be cancelled, and dealings on the London Stock Exchange's market for listed
securities will cease, at the same time.

Character's Executive Chairman and Joint Managing Director, Richard King
commented to shareholders at the EGM today:

'We believe that AIM, which, over its ten year history, has proved to be a
robust market even in challenging times, will provide a supportive environment
for the Group to better achieve its business and strategic objectives. AIM also
provides, in our opinion, a more flexible and cost-effective environment for a
Company of our size and stage of development.'

'As predicted in the 2005 Interim Report and reinforced in my Chairman's
Statement contained in the Annual Report, the improvement witnessed in the
second half of 2005 has indeed continued into this financial year.'

'I am delighted to be able to report that the new financial year has started
very strongly with reported sales up to yesterday being over 40% ahead of the
same period for last year. We are also expecting to achieve further progress
over last year in the lead up to Christmas and into the New Year. Against this
backdrop we believe that the Group's results for the first half to February 2006
will be far better than the loss of £1.9 million recorded for the half year
ended 28 February 2005.'

'This year, we will continue to focus on improving our operational efficiencies
and further developing our product portfolio. It is interesting to note that, by
the end of the 2005 calendar year, over 50% of our products within the Toys,
Games and Gifts division and over 90% of our digital products will have been
developed in-house. Our expertise in developing licensed properties and quickly
bringing them to market is proving to be a major benefit to the Group in
attracting and winning both new licences and distribution deals.'

'There is no substitute for having great products and, although we have been
operating in a difficult trading environment for some considerable time, the
Group's substantial progress in sales is more than satisfying, especially when
we have not been able to fully meet demand for toys like Roboraptor, Radio
Controlled Daleks and our Little Britain talking-gift products, amongst others.'









Enquiries:
Richard King, Chairman                       Katie Dale
Kiran Shah, Group Finance Director           Citigate Dewe Rogerson
The Character Group PLC                      Telephone: [phone] (up to 2pm)
Telephone: [phone] (up to 2pm)   Thereafter: [phone]
Thereafter:                                  Mobile: [phone]
Mob: [phone] (RK)
Mob: [phone] (KS)
Group office: [phone]
www.thecharacter.com





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