Issue of Equity

Z Group PLC
29 November 2006

Z GROUP PLC



29 November 2006



                                  Z GROUP plc

                          ('Z GROUP' or 'the Company')


Issue of Equity



The board of Z GROUP announces that options have been exercised in respect of
33,072 ordinary shares of 5p each in the capital of the Company (the 'New Shares
').  The New Shares will rank pari passu with the existing ordinary share
capital of the Company and have been allotted and issued credited as fully paid.



Application has been made for the New Shares to be admitted to trading on AIM
and dealings are expected to commence on 5 December 2006.



Following admission, the total issued share capital of the Company has increased
to 19,743,745 ordinary shares.



End


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