Issue of Equity

Frenkel Topping Group PLC
19 July 2006





                           Frenkel Topping Group plc



                                Issue of equity



Frenkel Topping Group plc (the 'Company') announces that, further to the offer
to certain shareholders of Frenkel Topping Limited ('FTL') and Frenkel Topping
Structured Settlements Limited ('FTSSL') announced on 11 May 2006, the Company
has issued and allotted 8,183,333 ordinary shares of 0.5p each in the capital of
the Company ('Ordinary Shares') to shareholders of FTL and FTSSL who have
accepted the offer.  Application has been made for the Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on 25 July
2006.  The New Ordinary Shares will rank pari passu in all respects with the
Ordinary Shares currently in issue.



Following the issue, the number of Ordinary Shares in issue is 53,782,947.



For further information, please contact:




Frenkel Topping Group plc

Richard Fraser (Chief Executive)                       0161 886 8000


WH Ireland Limited

David W. Youngman                                      0161 832 2174






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