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Wireless Group PLC (TWG)

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Wednesday 23 February, 2005

Wireless Group PLC

Update re Possible Offer

Wireless Group PLC
23 February 2005

For immediate release

                             The Wireless Group plc
                            ('TWG' or 'the Company')

                        Update regarding Possible Offer

On 14 February 2005 TWG announced that it had received a proposal regarding a
possible offer for the Company involving the TWG Chairman and Chief Executive,
Kelvin MacKenzie, and certain other senior management.

The Company today announces that discussions regarding this proposal have now
ceased, solely as a result of the cessation of discussions between Kelvin
MacKenzie and his potential private equity backer. The Independent Directors
(Keith Sadler, Stephen Davidson, and Patrick Cox) have authorised Mr MacKenzie
to continue discussions with other potential investors.

In addition, since the announcement made on 14 February, the Company has
received expressions of interest from other parties who are considering a
possible offer for the Company, and the Company is in ongoing discussions with
such parties. No proposal has been submitted by any such parties and there is no
certainty that any of the current discussions (including those involving Mr
MacKenzie) will lead to an offer being made for the whole of the share capital
of TWG.

As previously stated, the Independent Directors will consider any offer on its
merits were any such offer to be made and further announcements will be made as
appropriate.

                                    -ENDS -


For further information, please contact:

David Rydell / Dan de Belder / Robin Tozer
Bell Pottinger Corporate and Financial         Tel: 0207 861 3232

Richard Campbell-Breeden / Robert Sorrell
Goldman Sachs International                    Tel: 0207 774 1000

Mark Lander
Panmure Gordon                                 Tel: 0207 187 2000




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

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