Trading update, Issue of Equity and Total Votin...

MILESTONE GROUP PLC

                          "Milestone" or the "Company"

            Trading update, Issue of Equity and Total Voting Rights

Trading update

AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions and technology
agency, provides the following trading update following its financial year end
30 September 2010.

The Company has continued to consolidate its offering following its
repositioning as a digital solutions and technology agency.  However, while the
Company has developed a pipeline of opportunities, these are not being converted
into sales as quickly as anticipated.  As a result, the Company expects revenues
in the second half of its financial year to be only slightly ahead of revenues
achieved in the first half.

The Company has though seen increased interest in the JumpStart Wireless
technology and is in early stage discussions with a number of interested parties
with regard to the commencement of trials of the technology.  Under the
JumpStart agreement, Milestone receives a percentage of the gross revenue from
all sales of the JumpStart Wireless technology made in the UK.

Issue of Equity

In addition, the Company also announces that it has agreed to issue 17,873,391
ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares"), at a price of 1.13 pence per Ordinary Share, raising £201,969.32. Of
this, 16,988,435 Ordinary Shares will be issued to Mr. Cormac Crawford,
representing 11.72 per cent of the enlarged issued share capital.

Mr. Crawford is a financier with wide ranging experience in international
finance, having founded Shannon International Leasing, a successful
international asset finance business in Ireland, which was subsequently sold to
Credit Lyonnais in 1991.  He then founded Ailesbury Corporate Finance Limited, a
boutique financial services company, which engaged in client fund raising,
consultancy, mergers & acquisitions, and corporate reconstruction in 1992.
Subsequently, Mr. Crawford led a consortium of investors to purchase Olhausen
Limited, a major Irish meat processing company.

The proceeds of the placing will be used to provide working capital and to
reduce the Company's liabilities which, as at the 30 September 2010, had reduced
slightly from the interim period end.  As previously announced, the Company
continues to actively manage its liabilities and further fundraisings will be
required in the short term to enable the Company to meet its liabilities and to
provide additional working capital.  The Company continues to be reliant on its
ability to manage the timing of settlement of its liabilities and to raise
further funds going forward in the short term.

Application will be made for, in aggregate, 17,873,391 new Ordinary Shares to be
admitted to trading on AIM, which is expected to occur no later than 24 November
2010.  The new Ordinary Shares, when fully paid and issued, will rank pari passu
in all respects with the existing Ordinary Shares of Milestone.

Total Voting Rights

Following the issue, Milestone will have in issue 144,940,899 Ordinary Shares
with voting rights.  The Company does not hold any Ordinary Shares in treasury.
The figure of 144,940,899 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their interest in,
the share capital of the Company under the FSA's Disclosure and Transparency
Rules.

So far as the Company is aware and subject to any new notifications received,
the following persons will have a notifiable interest in the issued share
capital of Milestone following this issue of Ordinary Shares:

+-------------------------------------+-------------------+--------------------+
|                                     |Current percentage |Resulting percentage|
|                                     |      holding      |      holding       |
+-------------------------------------+-------------------+--------------------+
|Cormac Crawford                      |               -   | 16,988,435 (11.72%)|
+-------------------------------------+-------------------+--------------------+
|HBS 049 Limited                      |15,000,000 (11.80%)| 15,000,000 (10.35%)|
+-------------------------------------+-------------------+--------------------+
|Lynchwood Nominees Ltd               |9,083,489   (7.15%)| 9,083,489   (6.27%)|
+-------------------------------------+-------------------+--------------------+
|Deborah Jane White (& connected      |8,777,579   (6.91%)| 8,777,579   (6.06%)|
|parties)                             |                   |                    |
+-------------------------------------+-------------------+--------------------+
|Martin King                          |6,667,049   (5.25%)| 6,667,049   (4.60%)|
+-------------------------------------+-------------------+--------------------+
|Reginald John Brealey (all held by W |5,475,000   (4.31%)| 5,475,000   (3.78%)|
|B Nominees Ltd)                      |                   |                    |
+-------------------------------------+-------------------+--------------------+
|CMH Management Ltd                   |4,817,290   (3.79%)| 4,817,290   (3.32%)|
+-------------------------------------+-------------------+--------------------+
|Magdalene Manikam (all held by       |4,166,667   (3.28%)| 4,166,667   (2.87%)|
|Alliance Trust                       |                   |                    |
|Pensions Ltd)                        |                   |                    |
+-------------------------------------+-------------------+--------------------+
|John Godfrey                         |4,166,667   (3.28%)| 4,166,667   (2.87%)|
+-------------------------------------+-------------------+--------------------+
|Susan Auden                          |4,166,667   (3.28%)| 4,166,667   (2.87%)|
+-------------------------------------+-------------------+--------------------+
|Compass Securities Limited           |4,166,667   (3.28%)| 4,166,667   (2.87%)|
+-------------------------------------+-------------------+--------------------+



 FOR FURTHER INFORMATION:



 Milestone Group PLC
 Deborah White, Chief Executive    Tel: [phone]



 Strand Hanson Ltd, NOMAD
 Richard Tulloch / David Altberg   Tel: [phone]



 Hybridan LLP, Broker
 Claire Louise Noyce               Tel: [phone]






[HUG#1461283]








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Source: Milestone Group PLC via Thomson Reuters ONE