Result of Placing

Halfords Group PLC
03 December 2004

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES OR TO US PERSONS, AUSTRALIA, CANADA OR JAPAN

3rd December 2004

PLACING OF 46,000,000 SHARES IN HALFORDS GROUP PLC ('Halfords' or the 'Company')

Merrill Lynch International ('Merrill Lynch') and Citigroup Global Markets U.K.
Equity Limited ('Citigroup') confirm the successful placement of 46,000,000
ordinary shares of 1p each in Halfords with institutional investors at a price
of 295p per share, representing 20.2% of the issued share capital of the Company
(the 'Placing'). Following a waiver of lock-up arrangements undertaken at the
time of the initial public offering of the Company, the shares were placed on
behalf of the CVC Shareholders(1) (the 'Selling Shareholders') pursuant to an
agreement dated 2nd December 2004.

The Selling Shareholders have reduced their holding from approximately 91.2m
shares to approximately 45.2m shares (a reduction from 40.01% to 19.80% of the
issued share capital of the Company). The Selling Shareholders have signed an
undertaking not to sell their remaining shares in Halfords for 60 days from and
including the date of this announcement.

Merrill Lynch and Citigroup acted as joint bookrunners for the Placing.

(1)       The CVC Shareholders are CVC EUROPEAN EQUITY PARTNERS II L.P., CVC
EUROPEAN EQUITY PARTNERS II (JERSEY) L.P., CVC EUROPEAN EQUITY PARTNERS III
L.P., CVC EUROPEAN EQUITY PARTNERS III PARALLEL FUND -A L.P., CVC EUROPEAN
EQUITY PARTNERS III PARALLEL FUND -B L.P., CVC EUROPE ENTERPRISE (DOMESTIC)
L.P., CVC EUROPE ENTERPRISE (CAYMAN)  L.P., CITI-EUROPE CO-INVEST L.P., CITICORP
CAPITAL INVESTORS EUROPE LIMITED, CAPITAL INVESTORS 2002 LIMITED

Enquiries to:

Merrill Lynch                        Rupert Hume-Kendall   020 7995 3700
                                     Peter Tracey          020 7996 4541

Citigroup                            Michael Lavelle       020 7986 1133
                                     Ed Matthews           020 7986 0966

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America (including its territories
and possessions, any state of the United States and the District of Columbia) or
to U.S. persons. This announcement is not an offer of securities for sale into
the United States or to U.S. persons. The securities referred to herein have not
been and will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States, except pursuant to
an applicable exemption from registration. No public offering of securities is
being made in the United States or to U.S. persons.

Merrill Lynch International and Citigroup Capital Markets U.K. Equity Limited
acted for the Selling Shareholders and no one else in relation to the Placing,
and will not be responsible to anyone other than the Selling Shareholders for
providing the protections offered to their respective clients nor for providing
advice in relation to the Placing.


                      This information is provided by RNS
            The company news service from the London Stock Exchange