Proposed issue of Eurobonds

WPP Group PLC
22 May 2001



FOR IMMEDIATE RELEASE                                22 May 2001


This notice does not constitute an offer to any person to subscribe for or
otherwise acquire securities. Stabilisation/FSA.





                            WPP GROUP PLC ('WPP')


                         Proposed issue of Eurobonds



WPP, one of the leading communications services companies in the world,
intends to issue benchmark euro denominated, unsecured and unsubordinated
bonds in the international capital markets.   Subject to market conditions,
the issue will be launched after presentations to investors which are expected
to commence on May 29.

The bonds will be used to refinance existing banking facilities taken on at
the time of the Young & Rubicam, Inc. acquisition and for general corporate
purposes.

Application will be made to list the bonds on the London Stock Exchange.



These securities have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
such registration or an applicable exemption from such registration.  There is
no intention to offer any of these securities in the United States.  However,
any public offering of securities to be made in the United States would be
made by means of a prospectus that could be obtained from WPP and that would
contain detailed information about WPP and its management, as well as
financial statements.



For further information, please contact:

Paul Richardson/Paul Delaney/Chris Sweetland/Feona McEwan at WPP

Tel [phone]

www.wppinvestor.com