Transaction in Own Shares

Character Group PLC
24 December 2007


24 December 2007



               The Character Group plc (the 'Group' or 'Company')

                           Transaction in Own Shares



As part of the Group's stated objective to enhance shareholder value, the
Company advises that it has on 21 December 2007 purchased in the market through
Charles Stanley Securities 61,713 ordinary shares in the Company at a price of
94.27 pence per share.  This represents approximately 0.14% of the issued share
capital of the Company (excluding shares held in treasury). These shares will be
held in treasury.



Following these transactions, the Company has 43,783,455 ordinary shares in
issue (excluding 1,708,482 ordinary shares in the Company held in Treasury).



Since 19 December 2007, the Company has purchased to hold in treasury 708,482
ordinary shares being 1.62% of the current issued share capital (excluding
shares held in treasury) at an average price of 89.52 pence per share.



The Directors will continue to monitor the position and will, if appropriate,
make further purchases of the Company's own shares.



Enquiries:

The Character Group Plc       Charles Stanley Securities           Citigate Dewe Rogerson Ltd
                              (Nominated Adviser)

Richard King / Kiran Shah     Richard Thompson / Philip Davies     Fiona Tooley
Tel: [phone]            Tel: [phone]                   Tel: [phone]










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