Result of Open Offer

NMT Group PLC
17 December 2001

17 December 2001


       NMT Group plc raises additional £8.4 million through Open Offer

NMT Group plc ('the Company' or 'NMT') announces that the Open Offer to
Qualifying Shareholders, described in its prospectus dated 22 November 2001,
closed at 3.00 p.m. on 13 December 2001.

Of the total of 421,485,874 new Ordinary Shares, which were offered to
Qualifying Shareholders under the Open Offer, valid applications in respect of
215,472,475 (51.1 per cent.) have been received from Qualifying Shareholders,
raising approximately £8.4 million (net of expenses) for the Company.

Therefore, including approximately £15.8 million (net of expenses) raised
through the Firm Placing of 421,500,000 new Ordinary Shares, the Company has
raised a total of approximately £24.2 million (net of expenses).

The Placing and Open Offer remain conditional upon the special resolution to
be proposed at the Company's extraordinary general meeting to be held at 10am
today being duly passed, and admission of the new Ordinary Shares to trading
on AIM.

The 636,972,475 new Ordinary Shares to be allotted pursuant to the Placing and
Open Offer are expected to be admitted to trading on AIM at 8.00 a.m. on 20
December 2001.


Enquiries:

NMT Group PLC
Roy Smith, Chief Executive Officer                  Tel: [phone]
Gerard Cassels, Finance Director                    Tel: [phone]

Financial Dynamics                                  Tel: [phone]
David Yates/Fiona Noblet