Result of Equity Issue

WPP Group PLC
19 June 2003

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN


WPP Group plc

19 June 2003

                             WPP GROUP PLC ("WPP")

                Result of Placing of new ordinary shares in WPP

WPP is pleased to announce the successful completion of the placing of new
ordinary shares in WPP ("New WPP Shares") launched earlier today (the
"Placing"). A total of 20.62 million New WPP Shares, representing 1.8 per cent.
of WPP's enlarged issued share capital, have been placed at a price of 486 pence
per share. The proceeds raised (before deduction of commissions and expenses)
amount to £100.2 million.

Application will be made for the New WPP Shares to be admitted to the Official
List of the UK Listing Authority and for admission to trading on the London
Stock Exchange on its market for listed securities. It is expected that such
admission will become effective and dealings in the New WPP Shares will commence
on 24 June 2003.

Enquiries:

WPP                                020 7408 2204

Sir Martin Sorrell

Paul Richardson

Chris Sweetland

Merrill Lynch International        020 7996 1000

Richard Taylor

Tim Pratelli

Rupert Hume-Kendall





This announcement has been issued by, and is the sole responsibility of, WPP.
Merrill Lynch, which is regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for WPP and no-one else in relation to
the Placing and will not be responsible for providing to any other person the
protections afforded to customers of Merrill Lynch or for providing advice in
relation to the proposed Placing or in relation to the contents of this
announcement or any other transaction, arrangement or matter referred to
therein.

This announcement is for information purposes only and does not form part of any
offer of securities, or constitute a solicitation of any offer to purchase or
subscribe for securities.

Members of the public are not eligible to take part in the Placing. This
announcement, in so far as it constitutes an invitation or inducement to
participate in the Placing, is directed only at persons who have professional
experience in matters relating to investments who fall within article 19(1) of
The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as
amended) (the "Order") or are persons falling within article 49(2) (a) to (d) of
the Order (all such persons together being referred to as "Relevant Persons").
This announcement, in so far as it constitutes an invitation or inducement to
participate in the Placing, must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or inducement activity in so far as
relating to participation in the Placing is available only to Relevant Persons
and will be engaged in only with Relevant Persons.

The making of an offer in certain jurisdictions, or to residents who are
citizens of certain jurisdictions ("Foreign Shareholders"), may be restricted by
laws of the relevant jurisdictions. Foreign Shareholders should inform
themselves about and observe any such applicable legal requirements in their
respective jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into
the United States. This document is not an offer of securities for sale into the
United States. The securities described herein may not be offered or sold in the
United States (as such term is defined in Regulation S under the Securities Act)
unless they are registered or exempt from registration. There will be no public
offer of securities in the United States.

This announcement and the information contained herein are not for publication
or distribution to persons in Canada, Australia or Japan or in any jurisdiction
in which such publication or distribution is unlawful.

Stabilisation/FSA

Ends


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