Move to AIM - update

Portmeirion Group PLC
18 May 2004




             Portmeirion Group plc ('The Company' or 'Portmeirion')

             TRANSFER TO THE ALTERNATIVE INVESTMENT MARKET ('AIM')

The Board of Portmeirion announces today its firm intention to move from the official list of the London Stock Exchange 
to the Alternative Investment Market (AIM).

The Board believes that AIM, with its lower cost of complying with continuing obligations is more appropriate for a 
company of Portmeirion's size.

The AIM Rules require that the Company appoints a nominated adviser and broker
before its Ordinary Shares are admitted to trading on AIM. KBC Peel Hunt has
agreed to act as nominated adviser and broker to the Company.

The Board is aware that there are circumstances which can prohibit shareholders
from investing in shares quoted on AIM. The shares of a company quoted on AIM
cannot be held in Personal Equity Plans or Individual Savings Accounts.
Shareholders are advised to review their position in this respect as soon as
possible.

Application has been made for the Company's issued ordinary share capital to be admitted to trading on AIM and for the 
cancellation of the Company's Existing Ordinary Shares on the Official List. It is intended that admission to AIM will 
become effective at 8.00 a.m. on 17 June 2004 and that trading in the Company's shares on the Official List of the UKLA 
will cease at the same time.


For further details please contact:

Arthur Ralley - Chairman            01782 744721
Brett Philips - Finance Director    01782 744721



                      This information is provided by RNS
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