Further re Press Comment

Character Group PLC
27 July 2005


Issued on behalf of The Character Group plc
Date: Wednesday 27 July 2005
                                                               Immediate Release



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

Further to the announcement made by the Group on 6 July 2005 regarding one of
its Directors, Enrico Preziosi, the Board has been made aware that the Italian
football governing body (the FIGC) has found the Genoa Football and Cricket Club
('Genoa Club') of which, Enrico Preziosi is President and a major shareholder,
guilty of committing a sporting fraud.

Subsequently, the Disciplinary Council of the FIGC has demoted Genoa Club to the
Third Division (C1) of the Italian football league and also given a five-year
ban from any involvement in sporting business to Enrico Preziosi.

It is understood that the Genoa Club and Enrico Preziosi will be appealing
against these rulings made by the Disciplinary Council of the FIGC to both the
C.A.F. in Rome and in the Courts of Justice. However, in the interim, Enrico
Preziosi has decided to resign today as President of the Genoa Club although he
remains a substantial shareholder.

No other director of the Character Group has an interest in the Genoa Club.

Enrico Preziosi is President and the largest shareholder in Giochi Preziosi
S.p.A. ('GP') which holds 22.5% of the ordinary shares in the Character Group.
Recently it was announced that 3i had acquired a 40% shareholding in GP.

The Board of Character Group wishes to reiterate that it believes that this
matter has not had nor will have any direct or indirect effect on the Group or
its trading relationship with Giochi Preziosi S.p.A.

The Company will keep the market and shareholders informed as appropriate.

Enquiries:
Richard King, Chairman
Kiran Shah, Group Finance Director       Fiona Tooley, Director
The Character Group plc                  Citigate Dewe Rogerson
Tel: [phone]                Tel: [phone]
Mobile: [phone] (RK)         Mobile: [phone] (FMT)

www.charactergroup.plc.uk
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