RNS Number:6062U
NWD Group PLC
26 January 2004


26 JANUARY 2004


                                 NWD GROUP PLC
                            ("NWD" or the "Company")
                       
                        Restructuring and new appointment

NWD is pleased to announce that, following the completion of its three initial
acquisitions on 16 December 2003, it has taken immediate steps to accelerate the
integration and development of the two largest businesses acquired (Twentyfirst
Century Communications and Jump) through a restructuring.

Alan Page, Chief Executive, said today, "These two businesses operate in highly
complementary areas and it therefore makes sense to locate them closer to one
another, enabling them to benefit from each others' skills, resources and
contacts. At the same time this will enable NWD to reduce overheads across the
group by merging back office functions and reducing property and other costs."

As part of the restructuring, Joined Up Marketing Partnership Limited, based in
Egham, has been put into administration and its business acquired by a NWD
subsidiary, to be re-named NowJump Limited ("NowJump"), which it is planned to
be based at Twentyfirst Century's central London offices. The restructuring will
result in an increase in the Group's net current assets and will not
significantly affect the basis on which the business of Jump was initially
acquired by NWD. As disclosed in the Company's shareholder circular of 29
November 2003, Jump made an operating loss of #253,000 on turnover of #5.2
million for the year ended 31 December 2002.

The Company is also pleased to announce the appointment of John Hogan as
non-executive chairman of NowJump. David Gray, NWD Business Development
Director, said "John's experience as Vice President of marketing at Philip
Morris, where he masterminded Marlboro's formula one sponsorship programme, will
be an invaluable help to the business going forward, and the fact that he has
agreed to join is both flattering and exciting".


For further information please contact:

Alan Page                                                         07778 131 051
Chief Executive, NWD Group plc



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

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