Issue of Equity

RWS Holdings PLC
10 January 2007



                   RWS Holdings plc ('RWS' or 'the Company')


Exercise of Options


RWS announces that it has issued and allotted a total of 550,000 new ordinary
shares of 5p each ('New Shares') pursuant to the exercise of options. Of these
400,000 were exercised at 112.54p per share by Peter Mountford who is a Non-
Executive Director of RWS Holdings Plc.

Application has been made to the London Stock Exchange for the New Shares to be
admitted to AIM ('Admission'). It is expected that Admission will occur on 16
January, 2007.

The Company was informed by Mr Mountford on 9 January, 2007 that he has sold
400,000 ordinary shares of 5p each at a price of 295 pence per share conditional
only on their Admission. Following this sale Mr Mountford has an interest in
3325 Ordinary shares of 5 pence each which represents approximately 0.008 per
cent of the issued ordinary share capital of RWS and he retains an interest in
options over a further 384,553 shares.


Total voting rights

In conformity with the Transparency Directive's transitional provision 6, the
Company would like to notify the market that following the exercise of options
and the admission of new shares disclosed above that :

The Company's capital consists of 39,681,496 ordinary shares with voting rights.
No ordinary shares are held in treasury.

Therefore the total number of ordinary shares in the Company with voting rights
is 39,681,496.

The above figure of 39,681,496 ordinary shares may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.


10 January, 2007




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