Notice N42/00

London Stock Exchange
7 July 2000


For the attention of the
chairman/senior partner/compliance officer,
all member firms                                               N42/00

STOCK EXCHANGE NOTICE

DOMESTIC EQUITY MARKET
WHEN ISSUED DEALING
GRANADA MEDIA PLC


1.  Listing particulars have been filed in relation to the Granada Media plc
    global offer of ordinary shares (ISIN GB0008447814).  When Issued dealing 
    will be permitted under Rule 2.3(e) in the ordinary shares of Granada 
    Media plc.

2.  The timetable for When Issued dealing is as follows:

    When Issued dealing commences          - 8.00am Tuesday 11 July 2000

    Expected time for listing and 
    commencement of unconditional dealing  - 8.00am Tuesday 18 July 2000
       
    Settlement cycle for 
    When Issued transactions               - T+5 rolling settlement

3.  The security will be traded on the order book from the start of When 
    Issued dealings preceded by a normal opening auction. The standard 
    settlement cycle for transactions dealt on the order book during the When 
    Issued period will be T+5.  Transactions for non-standard settlement must 
    be effected outside the order book but the resulting settlement date must 
    be no earlier than the date of listing.

4.  It is expected that, where applicable, the posting of definitive share 
    certificates will commence on or around Friday 21 July 2000. 
 
5.  All transaction reports for When Issued dealing must be submitted to 
    CREST. 

6.  The offer may be subject to stabilisation. 

Andrew McStravick
Head of Market Regulation

Any comments or queries on this Notice should be addressed to Market
Supervision, telephone [phone] (STX 31469) or Email
[e-mail].

This Stock Exchange Notice will be available on Exchange's website at
www.londonstockexchange.com/regulation/notices/