WPP Group PLC
10 March 2004
10 March 2004
ANNOUNCEMENT
WPP GROUP PLC ("WPP")
WPP was notified on 9 March 2004 of share vestings to directors of the company,
pursuant to the terms of the WPP Performance Share Plans (PSP) for the periods
1999 - 2001, 2000 - 2002 and 2001 - 2003.
Sir Martin Sorrell's interest under the 1999 - 2001 PSP, the 2000 - 2002 PSP and
the 2001 - 2003 PSP is 92,340 shares, which he continues to hold under the Plans
following his election to defer the vesting of the shares beyond 31 December
2004. Sir Martin Sorrell has an interest in 13,844,265 shares representing
1.16% of the issued share capital of WPP.
In total 29,210 shares from the three Plans vested for Mr Paul Richardson, of
which 12,069 have been sold to fund income tax and employee national insurance
charges on the award. Mr Richardson's beneficial holding is 365,990 shares
representing 0.031% of the issued share capital of WPP.
9,600 shares from the 2001 - 2003 Plan vested for Ms Beth Axelrod, all of which
have been retained. Ms Axelrod's beneficial holding is 34,600 shares
representing 0.003% of the issued share capital of WPP.
END
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