RNS Number:3010T
NWD Group PLC
16 December 2003


FOR IMMEDIATE RELEASE
16 December 2003
                                 NWD GROUP PLC
                            ("NWD" or the "Company")
                         Completion of acquisitions and
            shareholdings of directors and significant shareholders

NWD announces that, having received shareholder approval at its Extraordinary
General Meeting held yesterday, it has completed today the acquisitions of
Twentyfirst Century Communications Group Limited, &SUMM Limited and Joined Up
Marketing Partnership Limited (the "Acquisitions"). Following the Acquisitions,
the placing of new ordinary shares of 1p each ("Ordinary Shares) at a price of
6.5p per Ordinary Share (the "Placing Price") in the Company (the "Placing") and
the grant of employee options, the interests of the directors and significant
shareholders of the Company in the ordinary share capital of the Company are as
follows:

Director             Interest
Alan Page            Alan Page today was allotted 230,769 Ordinary
                     Shares at the Placing Price in consideration of
                     waiving certain rights to which he was entitled
                     under an agreement with Pathfinder Ventures Limited
                     and subscribed #5,000 at the Placing Price for
                     76,923 Ordinary Shares. This increases Mr Page's
                     holding to 2,216,510 Ordinary Shares representing
                     3.3% of the Company's issued ordinary share
                     capital.

                     Alan Page was also granted options over 769,230
                     Ordinary Shares exercisable at the Placing Price.
                     In addition to these options, Mr Page holds
                     warrants over 6,900,000 Ordinary Shares exercisable
                     at a price of 10p per Ordinary Share.

David Gray           David Gray today was allotted 76,923 Ordinary
                     Shares at the Placing Price in consideration of
                     waiving certain rights to which he was entitled
                     under an agreement with Pathfinder Ventures
                     Limited. This increases Mr Gray's holding to
                     1,985,741 Ordinary Shares representing 3.0% of the
                     Company's issued ordinary share capital.

                     David Gray was also granted options over 769,230
                     Ordinary Shares exercisable at the Placing Price.
                     In addition to these options, Mr Gray holds
                     warrants over 6,900,000 Ordinary Shares exercisable
                     at a price of 10p per Ordinary Share.

Nigel Gourlay        Nigel Gourlay today subscribed #45,000 at the
                     Placing Price for 692,307 Ordinary Shares: this is
                     Mr Gourlay's entire shareholding in the Company and
                     represents 1.0% of the Company's issued ordinary
                     share capital.

                     Nigel Gourlay was also granted options over 769,230
                     Ordinary Shares exercisable at the Placing Price.
                     In addition to these options, Mr Gourlay holds
                     options over 1,100,000 Ordinary Shares exercisable
                     at a price of 10p per Ordinary Share.

The following shareholders were allotted Ordinary Shares in connection
with the Acquisitions such that their resulting shareholding represents
over 3% of the issued ordinary share capital of the Company:

Significant          Interest
shareholder
Barnett Fletcher     Barnett Fletcher was today allotted 3,751,930
                     Ordinary Shares at the Placing Price as initial
                     consideration for the sale of his shares in Joined
                     Up Marketing Partnership Limited to the Company:
                     this represents 5.6% of the Company's issued
                     ordinary share capital.

Martin Cox           Martin Cox was today allotted 1,919,230 Ordinary
                     Shares, and his wife with 242,308 Ordinary Shares,
                     at the Placing Price as initial consideration for
                     the sale of their shares in &SUMM Limited to the
                     Company: in total these shareholdings represent
                     3.2% of the Company's issued ordinary share
                     capital.

Brian Michael        Brian Michael was today allotted 2,215,384 Ordinary
                     Shares at the Placing Price as initial
                     consideration for the sale of his shares in
                     Twentyfirst Century Communications Group Limited to
                     the Company: this represents 3.3% of the Company's
                     issued ordinary share capital.

                     Brian Michael was also granted options over
                     1,384,615 Ordinary Shares exercisable at the
                     Placing Price.

The following entities were allotted Ordinary Shares in connection with
the Placing such that their resulting interest represents over 3% of the
issued ordinary share capital of the Company:

Significant shareholder           Ordinary Shares            % of issued
                                                          ordinary share
                                                               capital
Sinjul
Nominees
Limited                               9,230,769                   13.9%

Chase Nominees
Limited                               7,692,307                   11.6%

Seymour Pierce
Ellis Limited                         3,846,153                    5.8%

Evolution
Nominees
Limited                               3,076,923                    4.6%

City Equities
(Nominees)
Limited                               3,000,000                    4.5%

The Acquisitions and the Placing were announced on 28 November 2003 and
described in a circular sent to NWD shareholders on the following day.


For further information please contact:
Alan Page                                              07778 131 051
Chief Executive, NWD Group plc                         

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



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

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