Issue of Equity

Glen Group PLC
24 October 2005


                                 Glen Group plc
                                Issue of Equity

The Board of Glen Group plc ('Glen' or the 'Company') announces that it has
raised today a further £250,000, before costs, by the issue of 10,000,000 new
ordinary shares of 1 penny each issued at 2.50 pence per share. These new
ordinary shares represent 14.29% of the enlarged share capital of the Company.
The new ordinary shares have been placed with clients of Seymour Pierce Ellis
Limited, our brokers, and application has been made for the new shares to be
admitted to AIM with dealings expected to commence on 27th October 2005. The new
ordinary shares will rank pari passu with the existing ordinary shares. The net
proceeds will be used as additional working capital.

Enquiries:

Glen Group plc
Graham J Duncan, Chief Executive        Tel: [phone]

College Hill
Alex Walters                            Tel: [phone]



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