B Share Redemption

Roxboro Group PLC
18 July 2003



The Roxboro Group PLC

18 July 2003

                             REDEMPTION OF B SHARES

On 30 June 2003 The Roxboro Group PLC (the 'Company') made a return of capital
to holders of Existing Ordinary Shares (as defined in the circular to
shareholders dated 22 May 2003 (the 'Circular')) by way of a bonus issue of one
redeemable non-cumulative preference share of 75 pence ('B Share') for each
Existing Ordinary Share held. The Company announces that 1,492,366 of its
remaining B Shares were redeemed on 18 July 2003. Accordingly, a total of
53,104,565 B Shares, representing 93.49 per cent. of the B Shares originally in
issue, have now been redeemed in accordance with the terms of the Circular. The
Company may, at its discretion, redeem the remaining 3,695,605 B Shares at any
time and will be obliged to do so not later that 31 December 2008.

Payment on the B Shares redeemed on 18 July 2003 will be settled through the
CREST system or, for certificated holders, cheques will be despatched, no later
than Wednesday 23 July 2003.




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