Acquisition of Interest

WPP GROUP PLC 8 September 1999 WPP ACQUIRES STAKE IN HIGH CO Strengthens marketing services and new technology resource in Continental Europe WPP Group plc (WPP) announces that it has conditionally agreed to acquire a 30% interest in High Co, the French marketing services and new technology group, which is listed on the Nouveau Marchi in France. WPP will acquire shares representing 18% of the company from High Cos main shareholder. The balance of approximately 12% will be acquired by a new equity issue. The investment is subject to shareholder approval at an EGM to be convened in October. The subscription price for the new shares and acquisition price will be 50 euros per share. In the 10 years since it was founded by Fridiric Chevalier, chairman of the management board, High Co has become one of Frances leading marketing services companies, ranking in the top three in direct marketing. High Cos subsidiaries include High Co Conseil in business- to-business consulting; Kenya, a direct marketing agency; Ptle Production, a print-buying company; Editum, a consumer magazine producer; and the new technologies division which includes Netforce, specialists in website design. Welcome Real Time and Scan Coupon specialise in smart card and promotional coupon management. The Group employs around 300 people in Paris and Aix-en-Provence. High Co groups consolidated turnover for the year ended 31 December 1998 was FFr384 million. Pre-tax profits were FFr31 million for the same period and net assets were FFr83 million at 31 December 1998. For WPP, this strategic investment expands its presence in France and the rest of Continental Europe and strengthens its marketing services capabilities, particularly in the area of direct marketing and new technology. For High Co, the investment offers access to an international network, optimises its investment in new technology and enables it to attract major international clients. Commenting on the deal, Fridiric Chevalier said, 'This association with WPP is excellent news for the future of the High Co Group. For a number of months we have been thinking about the best way to pursue our international expansion to maximise the companys potential and to be able to service our clients internationally. Finding a partner of worldwide stature of the quality of WPP will enable us to maintain our entrepreneurial and innovative style, which has always been High Cos strength. It will also give us access geographically and qualitatively to the resources of a group which is not only one of the largest but importantly, one of the best in the world.' For further information, please contact : Feona McEwan at WPP London T: 0171 408 2204 Valerie Navarro at High Co group T: 00 33 4 4224 5817 www.highco.fr www.wpp.com

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