Statement re. Press Comment

Character Group PLC
06 July 2005





Issued on behalf of The Character Group plc
Date: Wednesday, 6 July 2005
                                                               IMMEDIATE RELEASE

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


The Board has noted recent press comments regarding one of the Group's
directors.

Enrico Preziosi, the Chief Executive Officer and Managing Director of the Group,
is the President of and a major shareholder in Genoa Football and Cricket Club.
He also has other substantial business interests, which include the 22.5%
shareholding in the Company held by Giochi Preziosi S.p.A.

The Board of Character Group is aware that an investigation is being carried out
by the Italian football governing body, FIGC, into certain allegations that have
been made involving the Genoa Club. Mr Preziosi has stated repeatedly that the
allegations are without merit and that both he and the Genoa Club are
co-operating fully with the investigation.

Mr Preziosi, is also the President and major shareholder of Giochi Preziosi
S.p.A., a company with which the Group has a substantial trading relationship,
both as a customer and supplier.

The Board believe that this matter will have no 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)
Mobile: [phone] (KS)
www.charactergroup.plc.uk
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