Additional Listing

Toad PLC
20 December 2001


Toad plc ('Toad' or the 'Company')

Issue of shares pursuant to Toad's alliance with Autoglass

The Company has made an application for the admission to the Official List of
the UK Listing Authority and for admission to trading on the London Stock
Exchange of 710,819 new ordinary shares of 10p each in the Company (the 'New
Ordinary Shares') issued to Carglass Luxembourg S.A.R.L. ('Carglass').

Toad's alliance with Autoglass (the 'Alliance') was documented in a circular
to Toad shareholders dated 11 December 1998.  The Alliance was formed to take
advantage of the synergies of the two operations and offer the UK's insurance
and fleet companies effectively a 'one stop shop' with Autoglass providing its
repair and mobile glass replacement service linked to Toad's audio
reinstatement service.

In connection with the Alliance, Carglass has an obligation to acquire that
number of ordinary shares in Toad as is required to maintain its holding at
4.99 per cent of the 'Known Enlarged Share Capital' (as defined in the Option
Deed of 7 January 1999) Any ordinary shares to be subscribed pursuant to this
obligation are to be issued at 25p per share.

On 20 December 2001 Carglass subscribed for the New Ordinary Shares at 25p per
share being the required number of shares to bring its total holding up to
4.99% of the Known Enlarged Share Capital.

The New Ordinary Shares will rank pari passu with the existing ordinary shares
of the Company. Dealings in the New Ordinary Shares are expected to commence
on 28 December 2001.


20 December 2001