Acquisition

Carphone Warehouse Group PLC
28 August 2002


Immediate Release 28 August 2002


                    The Carphone Warehouse Group PLC ('CPW')

                                  Acquisition


CPW announces that it has today acquired all of AOL Europe SA's ('AOL') minority
shareholding in CPW's subsidiary Mviva Limited ('Mviva'), being all the issued 
A and D ordinary shares of Mviva, for a total consideration of £2,772,000
satisfied by the issue to AOL of 3,300,000 CPW ordinary shares of 0.1p each.

During the last financial year, CPW has reorganised its data services operation
to align it more closely with its distribution business. The acquisition of the
minority interest in Mviva completes this restructuring. CPW will continue to
enjoy a strong ongoing commercial relationship with AOL.



Further information:

Roger Taylor  020 8753 8200

Tristia Clarke  0845 604 1207

www.carphonewarehouse.com



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