Exercise of Options, etc

GB Group PLC
8 May 2003


                    GB Group Plc (the 'Company') 

               Exercise of Options and Additional Listing


The Company announces today that two former employees of the Company have 
exercised options over 7,630 ordinary shares of 2.5p each in the Company 
('Shares') under the Company's Savings Related Share Option Scheme. The exercise 
price was 7.6p per share.

Accordingly, an application has been made for 7,630 new Shares to be admitted to 
the Official List of the UKLA and to trading on the London Stock Exchange's 
market for listed securities and dealings are expected to commence on 14 May 
2003.


For further information please contact:

John Constantin                         01244 657333
Company Secretary



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