Issue of Loan Notes

Delling Group PLC
19 December 2007


For Immediate Release                                         19 December 2007


                           DELLING GROUP PLC (DLG.L)

                The AIM-listed marketing support services group


Re: Issue of £750,000 Secured Convertible Loan Notes and Refinancing of Existing
                                   Loan Notes


Delling Group PLC ('Delling' or 'the Company'), the AIM-listed integrated
marketing support services company, announces that further to the announcement
made on 14 December 2007, it has issued £750,000 of loan notes for cash at par.


The loan notes have been issued to RAB Special Situations (Master) Fund Limited
('RAB'), a fund managed by RAB Capital plc, a significant shareholder in the
Company, as part of a refinancing of existing loan notes with RAB.


In addition, £589,178 of interest due has been satisfied by the issue of
additional loan notes, which, together with the existing loan notes of £1m and
the £750,000 of loan notes issued today, results in total loan notes issued to
RAB of £2.34 million ('Loan Notes').


The Loan Notes are secured by a fixed and floating charge over the Company's
assets, can be redeemed by the Company for cash at any time and are convertible
at RAB's option at the time into ordinary shares in the Company at a conversion
price of 6.5 pence per ordinary share or, if lower, the volume weighted average
market price of a Delling ordinary share in the twenty business days preceding
the date of a conversion notice.


The Loan Notes bear interest at the rate of 1% per calendar month until 31 March
2008 at which point the Directors intend that the notes will be redeemed.
However the loan notes can be extended beyond this date Interest will be
rolled-up unless RAB elects for cash payment.


The Directors consider, having consulted with Nabarro Wells & Co. Limited (the
Company's Nominated Adviser), that the terms of the transaction with RAB are
fair and reasonable insofar as the shareholders of the Company are concerned.


Contact:

Delling Group Plc
Aksel Bratvedt, Executive Chairman             Tel: [phone]
James Robinson, CFO                            Tel: [phone]

www.dellinggroup.com

Adventis Financial PR
Tarquin Edwards                                Tel: [phone]

Nabarro Wells & Co Limited - Nominated Adviser
Hugh Oram                                      Tel: [phone]

City Capital Corporation Limited - Broker
David Kent                                     Tel: [phone]




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