Statement re Share Dealings in Viglen Technology

Trinity Mirror PLC 4 February 2000 TRINITY MIRROR plc STATEMENT RE: SHARE DEALINGS Trinity Mirror plc ('Trinity Mirror' or 'The Group') today issues the following statement relating to Piers Morgan, the editor of The Mirror, and his shareholding in Viglen Technology Plc. The Group has completed an inquiry, led by John Allwood, Deputy Group Chief Executive, and Paul Vickers, Group Legal Director, into the facts relating to the purchase of Viglen Technology shares by Piers Morgan on 17 January 2000. The findings of this inquiry, which were presented to Group Chairman Sir Victor Blank last night and have been supported by the Group's solicitors Lovells, show that there are no grounds for any accusations of impropriety or wrongdoing by Piers Morgan. The Group also confirms that Lovells has been instructed to conduct an independent review of best practice in regard to share dealings by employees within the newspaper industry, and to advise on what, if any, amendments to existing Trinity Mirror procedures be made. The Group will act on any recommendations made by Friday 18 February. Piers Morgan has voluntarily provided to the Board, and will provide to any of the regulatory or investigating authorities, a full list of all of his share dealings since his appointment as Editor of the Mirror in November 1995. Furthermore, in order to end speculation over his Viglen Technology shareholding, Piers Morgan has today sold all of his shares in Viglen Technology. The net profit from this transaction will be donated by Piers Morgan to charity on immediate receipt of the proceeds. The Group notes the allegations in today's newspapers relating to other Trinity Mirror employees and has therefore extended its inquiry. A further announcement will be made as and when appropriate. Enquiries: Nick Fullagar Trinity Mirror plc 0207 293 3000 Rupert Younger Finsbury 0207 251 3801 James Leviton

Companies

Reach (RCH)
UK 100