Result of tender offer & EGM

Triad Group PLC
15 April 2002



                        Triad Group Plc (the 'Company')

                             Result of Tender Offer

1. Result of Tender Offer

On 28 March 2002 the Company announced that it proposed to return up to £2.8
million of surplus cash to shareholders by way of a tender offer (the 'Tender
Offer') to be made by Beeson Gregory Limited ('Beeson Gregory') for up to
3,733,333 ordinary 1p shares in the Company ('Ordinary Shares') and the
subsequent purchase and cancellation of the tendered shares by the Company. The
results of the Tender Offer and the subsequent purchase and cancellation of the
tendered shares by the Company are set out in paragraph 3 below.

A circular, together with a form of proxy and tender form, dated 28 March 2002
was posted to shareholders containing full details of the Tender Offer and
including notice of an extraordinary general meeting to authorise the Company's
purchase of up to 3,733,333 Ordinary Shares. The extraordinary general meeting
was held at 2.00 p.m. today and the results are set out in paragraph 2 below.

2. Result of Extraordinary General Meeting

The Company is pleased to announce that the ordinary resolution proposed at the
extraordinary general meeting of the Company held today was approved by
shareholders.

Accordingly, the Company has now been granted the authority by shareholders to
purchase not more than 3,733,333 Ordinary Shares at 75p per Ordinary Share.

3. Result of Tender Offer and the Company's Purchase of Ordinary Shares

The Company is pleased to announce the results of the Tender Offer which closed
at 3.00 p.m. on Friday, 12 April 2002. Tenders have been received for a total of
4,020,268 Ordinary Shares or 15.77% of the total number of Ordinary Shares in
issue at a price of 75p per Ordinary Share. Accordingly, acceptances have been
scaled down under the terms of the Tender Offer and the number of Ordinary
Shares to be purchased is 3,733,295 Ordinary Shares or 14.64% of the total
number of Ordinary Shares in issue. The settlement date for purchases of
Ordinary Shares made under the Tender Offer will be no later than Tuesday, 23
April 2002.

Following closure of the Tender Offer and the approval of the resolution
proposed at the extraordinary general meeting the Company has purchased
3,733,295 Ordinary Shares at 75p per Ordinary Share from Beeson Gregory, being
the Ordinary Shares acquired by Beeson Gregory under the Tender Offer. The
purchased Ordinary Shares will be cancelled in accordance with the Companies Act
1985.

Date: 15 April 2002

For further information please contact:
John Rigg, Non-executive Chairman                               Triad Group Plc                             01483 860222
Mira Makar, Chief Executive                                     Triad Group Plc                             01483 860222

Ed Senior                                                       City Profile                               020 7448 3244
Simon Courtenay                                                 City Profile                               020 7448 3244




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