AGM Statement & Placing

Mercury Group PLC
14 June 2005


Embargoed for release at 10.00 a.m. on 14 June 2005

Mercury Group Plc

AGM Statement and Placing

I am pleased to confirm that your board is making very good progress in
establishing Mercury's position in the Property Services Sector.

We have secured a number of strategic investors who are committed to assisting
your board as we implement our strategy of building a group capable of providing
a wide range of professional services to the real estate industry.

As shareholders are aware, we have completed the acquisitions of Navitas Hemway,
TelCo Solutions and Smith Melzack Pepper Angliss. These form the foundation
stones of our business and I am pleased to report that all three acquisitions
are integrating well and the cross-selling opportunities we envisaged are now
beginning to bear fruit. In addition, I am delighted to highlight Navitas
Hemway's recent success in winning the Sentinel Business Customer Care and
Service Award.

We expect to continue to make good progress in accelerating the growth of each
subsidiary this year and we are also actively examining other acquisition
opportunities which will bring complementary skills and services to the group.

Whilst we allowed the option on Lee Baron Group Limited to lapse, we are working
closely together on a number of projects and our discussions remain ongoing.

The board remains confident of prospects for future growth and I look forward to
updating shareholders on our progress in due course.

I am also pleased to announce that the Company has today raised £350,000 from an
existing shareholder of the Company by the issue of 87,500,000 new Ordinary
Shares at a price of 0.4p per share. The new Ordinary Shares will rank pari
passu in all respects with the existing issued share capital in the Company.
Application has been made for the new Ordinary Shares to be admitted to trading
on AIM. It is anticipated that Admission will become effective on 20 June 2005.

Enquiries:

David Williams             Chairman, Mercury Group Plc      07885 475329
Kate Tzouliadis            Biddicks                         020 7448 1000




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