Result of EGM

Character Group PLC
18 August 2000

                   The Character Group plc
           Result of Extraordinary General Meeting
                              

The Character Group is pleased to announce that a special
resolution to allot relevant securities and disapply pre-
emption rights proposed at today's Extraordinary General
Meeting (18th August) pursuant to the proposed subscription
by Toys Investment S.A. was duly passed.


Enquiries:

Richard King
Chairman
or
Kiran Shah
Finance Director
The Character Group
Tel: [phone]
Mobile: [phone] (RK)
Mobile: [phone] (KS)

Fiona Tooley
Citigate Dewe Rogerson
Tel: [phone]
Mobile: [phone]