Bonus Issue

NWF Group PLC
04 October 2007




For release 4 October 2007


                                 NWF GROUP PLC

                                  Bonus Issue


NWF Group Plc ('NWF' or the 'Company') announces today that at the Extraordinary
General Meeting held earlier today the resolution approving the proposed bonus
issue of four new ordinary shares of 25 pence each ('New Ordinary Shares') for
each existing ordinary share held by each shareholder on the register at the
close of business on 4 October 2007. The New Ordinary Shares will, on Admission,
rank pari passu in all respects with the existing issued ordinary shares and
will rank in full for all dividends and other distributions thereafter declared,
made or paid from the ordinary share capital of the Company, except for the
final dividend declared by the Company on 14 August 2007, which is payable to
Shareholders on 1 November 2007.

The Bonus Issue will result in the issue of 37,512,844 new ordinary shares and
the Company will have an aggregate of 46,891,055 ordinary shares in issue. It is
anticipated that the new ordinary shares will be admitted to trading on AIM
tomorrow, 5 October 2007.

Share certificates in respect of New Ordinary Shares are expected to be
despatched to certified Shareholders by no later than 12 October 2007 and the
CREST accounts of uncertificated Shareholders will be credited with new ordinary
shares as soon as practicable after the admission of the New Ordinary Shares on
5 October 2007.

As a result of the Bonus Issue, the price of each ordinary share will change to
approximately one fifth of its present level when the existing ordinary shares
are quoted 'post bonus issue', expected on 5 October 2007. This reflects the
fact that each shareholder will have five times as many ordinary shares as were
held immediately before the issue of the New Shares.

In addition, NWF is pleased to announce that all other resolutions proposed at
the Annual General Meeting and the Extraordinary General Meeting held earlier
today were passed by shareholders.



For further information please visit www.nwf.co.uk or contact:

Graham Scott, Chief        Mark Taylor            John West / Claire
Executive                                         Melly
NWF Group plc              Charles Stanley        Tavistock
                           Securities             Communications
Tel: [phone]         Tel: [phone]     Tel: [phone]




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