Holding in Company

Glen Group PLC
28 February 2007


                         Glen Group plc (the 'Company')

                               Holding in Company

The Company has been advised that on 27 February 2007, City Equities Limited
acquired 54,750,000 Ordinary Shares. City Equities hold a total of 54,750,000
Ordinary Shares in the Company representing 10.92% of the issued share capital.




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