Stabilisation Notice

Halfords Group PLC
03 June 2004





3 June 2004



Stabilisation Notice

Dear Sirs

Halfords Group plc (the 'Company') Global Offer of 102,563,988 new and existing
ordinary shares by the Company and by (inter alia) CVC Capital Partners Limited
as Fund Adviser to certain CVC Funds (the 'Fund Adviser') (the 'Selling
Shareholders') of 1 pence each at the price of GBP 2.60 per share ('Ordinary
Shares') (with an over-allotment option of 15,384,584 Existing Shares)

Merrill Lynch International ('MLI') notifies you that it is the stabilising
manager and may conduct stabilising activities in relation to the Ordinary
Shares, ISIN: GB00B012TP20 ('the Ordinary Shares') and in connection with the
above transaction.  MLI confirms the following:

1.       The securities to be stabilised are the Ordinary Shares (ISIN:
GB00B012TP20) referred to above; no other associated securities are subject to
stabilisation;

2.       The stabilising manager is Merrill Lynch International (contact: John
Millar - Telephone: [phone]);

3.       The stabilisation period is expected to commence at 8.00 am on 3 June
and ends on
2 July 2004 inclusive (30 days after the Pricing Date);

4.       The issue price of the Ordinary Shares has been announced on 3 June
2004.







Stabilisation will be conducted in accordance with FSA rules




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