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Second Advance Value (SAV)

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Thursday 28 April, 2005

Second Advance Value

Rule 8.1- Wireless Group PLC

Second Advance Value Realisation Co
28 April 2005



                                  Date of Disclosure   28 APRIL 2005

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing      26 APRIL 2005

Dealing in    WIRELESS GROUP PLC           (name of company)

1)  Class of securities (eg ordinary shares)   ORDINARY SHARES

2)  Amount bought      Amount sold      Price per unit
      NIL                100,000           86P


3)  Resultant total of the same class owned or controlled 
    (and percentage of class)     832,000       (0.996%)


4) Party making disclosure  SECOND ADVANCE VALUE REALISATION COMPANY LIMITED


5)  EITHER (a) Name of purchaser/vendor (Note 1)    
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation

      SECOND ADVANCE VALUE REALISATION COMPANY LIMITED IS MANAGED BY PROGRESSIVE
      VALUE MANAGEMENT LIMITED


6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                           NO
                    (ii) offeree company                            NO

Specify which category or categories of associate (1-8 overleaf) 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)     YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)     ANTHONY LEE

Telephone and extension number     020 7490 4355


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

Note 7.  The resultant total percentage holding of the class of relevant
         security is to be calculated by reference to the percentage held and 
         in issue outside treasury.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:
020 7638 0129. Email: [email protected]







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