EGM Statement

Milestone Group PLC
14 March 2005


Immediate Release                            14 March 2005


                    MILESTONE GROUP PLC (the 'Company')


At the Extraordinary General Meeting of the Company held today the resolutions
necessary to implement the Placing of new ordinary shares in the Company,
announced on 17 February 2005, were duly passed.  It is anticipated that
dealings in the Placing Shares will commence on AIM on 15 March 2005.

Pursuant to their participation in the Placing the interests of three directors,
Julian Blackwell, Andrew Craig and Brian Chester will increase to 1,722,500,
2,621,838 and 43,503 ordinary shares respectively representing 6.24 per cent.,
9.5 per cent. and 0.16 per cent. of the enlarged share capital of the Company.
The interest of the Elliott Group, which is represented on the Board by Mark
Levine, has also increased to 7,746,698 ordinary shares representing 28.06 per
cent. of the enlarged share capital of the Company.

For further information please contact:

Milestone Group
Andy Craig, Chief Executive
Brian Chester, Finance Director                        Tel:  [phone]

Arden Partners
Richard Day                                            Tel: [phone]

Buchanan Communications                                Tel: [phone]
Bobby Morse/Suzanne Brocks/Eleanor Williamson



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