Delisting of B Shares

Roxboro Group PLC
26 November 2004



Cancellation of listing of B Shares



The Roxboro Group announces that it has today issued, for information only, a
circular to holders of its B Shares giving notice of its intention to seek the
cancellation of the listing of the B Shares. The Delisting is expected to become
effective on 6 January 2005.



The B Shares will continue to be entitled to half yearly dividends payable at
the rate of 70% of Six Month LIBOR and redemptions and transfers of B Shares may
continue to be effected pursuant to the Company's articles of association and
will not be affected by the Delisting.



The Company will continue to offer B Shareholders the opportunity to redeem
their B Shares at their nominal value of 75p each (together with any applicable
dividend) on 30 June and 31 December in each calendar year until final
redemption on 31 December 2008 (unless redeemed earlier). The Company will also
continue to have the option to compulsorily redeem the outstanding B Shares at
any time.



B Shareholders are reminded that the next redemption date is 31 December 2004. B
Shareholders who have returned a redemption form (which is on the reverse of
each B Share certificate) in respect of B Shares held in certificated form or
submitted an Unmatched Stock Event instruction in respect of B Shares held
through CREST in respect of all or part of their B Shares by no later than the
close of business on 13 December 2004 will have such shares redeemed on 31
December 2004.





Documents on display



Copies of the circular issued today to holders of B Shares in The Roxboro Group
in connection with the cancellation of the listing of the Company's B Shares are
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:




The Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS






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