RNS Number:6366P
Glow Communications PLC
11 September 2003

Embargoed until: 07.00, 11 September 2003


                    PLACING OF SHARES AND BOARD APPOINTMENT


Glow Communications plc ("Glow" or "the Company"), the AIM quoted telecoms
marketing affinity company, announces the completion of a placing to raise #1
million to provide additional working capital for the Company.

Belgravia Group Ltd ("Belgravia"), a specialist telecoms and technology
investment group, is subscribing for 74,074,074 Ordinary Shares of 1p each at a
price of 1.35 pence per share. Application will be made for the shares to be
admitted to trading on AIM and admission is expected to take place before 22
September 2003. Following the placing, Belgravia's holding will represent
approximately 12.7% of the enlarged issued share capital.

Belgravia regards this as a major strategic investment and intends to make
available substantial additional capital to fund the growth of Glow as a major
telecoms business.

Under the terms of the placing Duncan Hickman, a director of Belgravia, is to
become Chairman and Chief Executive of Glow with immediate effect. The present
Chairman, Derek Griffiths, will become business development director, and the
present Chief Executive, Terry Boland, will stand down from that position but
will remain on the board as an executive director.

Duncan Phillip Sebastian Hickman, aged 35, has recently resigned his position as
a director of Liberty Ermitage Jersey Limited and other Liberty Ermitage Group
companies with effect from 30 September 2003 in order to concentrate on
developing the Belgravia Group. He is presently director of the following
companies:

Liberty Ermitage UK Limited
Liberty Ermitage Jersey Limited
Liberty Ermitage Asset Management Jersey Limited
Liberty Ermitage Management (Bermuda) Limited
Versilcraft Limited

Duncan Hickman has been a director of the following companies during the
previous five years:

Liberty Ermitage Alternative Investment Fund Limited
Liberty Ermitage Funds Limited
Liberty Ermitage Institutional Money Market Funds Limited
Liberty Ermitage Management (Cayman) Limited
Standard Liberty Distressed Securities (Distributor) Inc
Standard Liberty Distressed Securities (Accumulator) Inc
Ermitage International Limited

There is no other information that falls to be disclosed under Schedule 2
Paragraph (f) of the AIM Rules.

As part of the ongoing development of the Company as a telecoms business, the
directors intend to dispose of non-core activities including Primary Storage,
wherever possible. The board looks forward to making further announcements in
this regard.

Derek Griffiths commented: "With the support of Belgravia, Glow is well
positioned to focus on the development and provision of low-cost, high-quality
integrated telecommunications services to corporate and residential customers.
We are confident that Duncan will contribute significantly to the profitability
and growth of this group."

Duncan Hickman added: "Glow is precisely the type of business we have been
looking to invest in.  It has already invested heavily in its technology and its
customer service record is outstanding.  We believe that Glow will become a
strong business with a bright future and will form the nucleus of our UK telecom
expansion programme, which will include the acquisition of other telecoms
businesses and their client bases."

For further information please contact:

Derek Griffiths/Duncan Hickman                        John West/Justin Griffiths
Glow Communications Plc                               Tavistock Communications
Tel: 020 7385 2340                                    Tel: 020 7920 3150


About Belgravia Group Ltd

Belgravia Group Limited is an offshore technology and telecommunications
investment Group.  The company is backed by a number of significant investors
and currently has an asset value of in excess of $75 million.  The core focus of
the group is to invest in new technology and build out its telecommunications
distribution through acquisition and affinity programmes.


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