Share Capital Reduction

RWS Holdings PLC
17 September 2004


                   RWS Holdings plc ('RWS' or 'the Company')


                           RE Share Capital Reduction


RWS announces that, on 15 September 2004, it received notification that the High
Court has approved the reduction of the Company's share capital by way of
cancelling the deferred shares of 0.1p each in the Company created as part of
the Company's capital restructuring approved by shareholders on 10 November
2003. The Company was subsequently informed that such cancellation became
effective yesterday, 16 September 2004.


17 September 2004

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