RNS Number:2589T
NWD Group PLC
15 December 2003



FOR IMMEDIATE RELEASE

15 December 2003

                                 NWD GROUP PLC

                            ("NWD" or the "Company")

                    Result of Extraordinary General Meeting

NWD announces that at the Extraordinary General Meeting held today ("the EGM"),
the ordinary resolutions to approve the acquisitions of Twentyfirst Century
Communications Group Limited, &SUMM Limited and Joined Up Marketing Partnership
Limited ("the Acquisitions") and to effect the reorganisation of the Company's
share capital (the "Capital Reorganisation") were duly passed.

The Company's new strategy is to develop itself as a marketing services group,
focusing on a number of target areas in which it is looking to acquire suitable
small/medium size businesses. The Acquisitions represent the first step in
implementing this new strategy.

The Capital Reorganisation involves the consolidation of the issued and unissued
ordinary shares of 0.1p in the capital of the Company ("Ordinary Shares") into
new 10p ordinary shares on the basis of one new 10p ordinary share for every 100
Ordinary Shares, and immediately following such consolidation:

(i)  each issued new 10p ordinary share will be subdivided into one new ordinary
     share of 1p ("New Ordinary Share") and ten deferred shares of 0.9p each
     ("Deferred Shares"); and
(ii) each unissued new 10p ordinary share will be subdivided into 10 New
     Ordinary Shares.

Details of the resolutions are contained in the notice of EGM set out in the
circular to shareholders of NWD dated 29 November 2003, copies of which are
available from the offices of Smith & Williamson Corporate Finance Limited, No 1
Riding House Street, London, W1A 3AS.

Application has been made for the New Ordinary Shares to be admitted to trading
on the Alternative Investment Market of the London Stock Exchange ("AIM") on 16
December 2003. No application will be made for the Deferred Shares to be
admitted to trading on AIM.

Alan Page, Chief Executive, commented

"I am delighted that the Company's shareholders have given these proposals their
overwhelming support, reflecting the enthusiasm of the investors for NWD's new
strategic direction. I would like to reiterate our commitment to working with
the management teams of our group companies, taking advantage of NWD's central
resources to build on their success to date."



For further information please contact:

Alan Page                                              07778 131 051
Chief Executive, NWD Group plc

Adam Reynolds                                          0207 245 1100
Hansard Communications                                 07785 908 158

Dr Azhic Basirov                                       020 7612 8812
David Jones                                            020 7612 8807
Smith & Williamson Corporate Finance Limited

Dru Edmonstone                                         020 7107 8013
Jonathan Wright                                        020 7107 8050
Seymour Pierce Limited






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

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