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Warburg (S.G.) Group (WSGC)

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Friday 20 October, 2006

Warburg (S.G.) Group

Preference Share Delisting

Warburg (S.G.) Group PLC
20 October 2006


                      S.G. WARBURG GROUP plc (the 'Company')

                            (Company Number: 1874486)


     Cancellation of listing and admission to trading of Preference Shares


London 20 October 2006: On 13 July 2006 the Boards of the Company and S.G.
Warburg & Company plc ('SGW&Co') announced the terms of a recommended
unconditional cash offer for the entire issued preference share capital of SGWG
(the 'Offer').  The Offer was made to SGWG Preference Shareholders by means of
an Offer Document dated 10 August 2006 (the 'Offer Document') and an
advertisement in the Financial Times (London) edition on 11 August 2006.  Words
and expressions defined in the Offer Document shall have the same meaning when
used in this announcement.

SGW&Co stated in the Offer Document that it intended to procure that the Company
would apply for cancellation of the listing of the SGWG Preference Shares on the
Official List and the cessation of trading of the SGWG Preference Shares on the
London Stock Exchange plc's market for listed securities as soon as it was
appropriate to do so, such cancellations not take effect before the expiry of 20
Business Days after the date the Offer closed.

On 15 September 2006 SGW&Co closed the Offer, announced that it had received
valid acceptances pursuant to the Offer in respect of over 97 per cent. of SGWG
Preference Shares and that it was anticipated that the cancellation of the
listing and the cessation of trading of the SGWG Preference Shares would take
effect on 20 October 2006, such date being not less than 20 Business Days
following the date of that announcement.

On 19 September 2006, SGW&Co announced that it had acquired not less than nine-
tenths in value and voting rights of the SGWG Preference Shares and on 25
September 2006 SGW&Co further announced that it had dispatched appropriate
compulsory acquisition notices pursuant to paragraph 2 of Schedule 2 of the
Takeovers Directive (Interim Implementation) Regulations 2006 to SGWG Preference
Shareholders who had not accepted the Offer.

SGWG has therefore applied to the UK Listing Authority for the cancellation of
the listing of the SGWG Preference Shares on the Official List and to the London
Stock Exchange plc for the cancellation of admission of the SGWG Preference
Shares to trading to take effect from the close of business on 20 October 2006.



Harriet Charles
Secretary.



                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                     

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