Re Grey Global Group Inc.

WPP Group PLC
22 December 2004


For immediate release                                           22 December 2004

                             WPP Group plc ("WPP")

                         Grey Global Group Inc ("Grey")



In connection with the proposed acquisition of Grey by WPP, Amendment No. 1 to
Registration Statement on Form F-4 was filed by WPP with the Securities and
Exchange Commission ("SEC") in Washington DC on 21 December 2004.



Shareholders should be aware that the Registration Statement and the Preliminary
Proxy Statement/Prospectus contained therein, as amended, are subject to
changes, deletions or additions which may or may not be material in nature.  No
reliance should therefore be placed on the information contained in the
Registration Statement, as amended.



Copies of this Registration Statement are available free of charge on the SEC
website at www.sec.gov under WPP's company filings and as otherwise indicted
below under "Investor Information".  In addition, a copy of the Registration
Statement has been submitted to the UK Listing Authority and will shortly be
available for inspection at the UK Listing Authority Document Viewing Facility
which is situated at:



Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel: [phone]



Contact:

Feona McEwan, WPP London   44-20 7408 2204

www.wpp.com


INVESTOR INFORMATION


This communication is being made by WPP in respect of the proposed merger
involving WPP and Grey. This communication does not constitute an offer of any
securities for sale. In connection with the proposed merger, WPP has filed with
the US Securities and Exchange Commission (SEC) on December 21, 2004, Amendment
no. 1 to Registration Statement on Form F-4 (SEC File No. 333-119949),
containing a preliminary proxy statement/prospectus relating to the proposed
merger for the stockholders of Grey, and each of WPP and Grey has and will be
filing other documents regarding the proposed merger with the SEC.



INVESTORS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT/PROSPECTUS RELATING
TO THE PROPOSED  MERGER, WHICH IS AVAILABLE NOW, AND THE DEFINITIVE  PROXY
STATEMENT/PROSPECTUS RELATING TO THE PROPOSED MERGER,  WHEN IT BECOMES
AVAILABLE,  AND ANY OTHER  RELEVANT  DOCUMENTS  FILED WITH THE SEC BECAUSE  THEY
CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION.



Investors  may  obtain  the  documents  free  of  charge  at the  SEC's  website
(www.sec.gov).  In addition, documents filed with the SEC by WPP may be obtained
free of charge by contacting WPP at 125 Park Avenue,  New York, NY 10017, +1 212
632 2200.  Documents filed with the SEC by Grey are available free of charge by
contacting Grey at 777 Third Avenue, New York, NY 10017, [phone].



Grey and its directors and executive officers may be deemed to participate in
the solicitation of proxies in respect of the proposed merger. Information
regarding Grey's directors and executive officers is available in Grey's
definitive proxy statement relating to its 2004 Annual Meeting of Stockholders.
This definitive proxy statement was filed by Grey with the SEC on December 8,
2004.  Additional  information  regarding  the interests of such potential
participants is included in the  preliminary  proxy statement/prospectus
relating to the proposed merger,  which  is  available  now,  and will be
included  in the definitive  proxy  statement/prospectus relating to the
proposed merger and the other relevant  documents filed with the SEC.






                      This information is provided by RNS
            The company news service from the London Stock Exchange