B Share Redemption

Roxboro Group PLC
31 December 2003

The Roxboro Group PLC
31 December 2003

                             REDEMPTION OF B SHARES

The Roxboro Group PLC (the 'Company') announces that 299,776 of the redeemable
non-cumulative preference shares of 75 pence each in the capital of the Company
('B Shares') were redeemed on 31 December 2003. Accordingly, a total of
53,404,341 B Shares, representing 94.02 per cent. of the B Shares originally in
issue, have now been redeemed in accordance with the terms and conditions
attaching to the B Shares. The Company may, at its discretion, redeem the
remaining 3,395,829 B Shares at any time and will be obliged to do so no later
than 31 December 2008.

Payment on the B Shares redeemed on 31 December 2003 will be settled through the
CREST system or, for certificated holders, cheques will be despatched, no later
than 7 January 2004.




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