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Toad Group PLC (TGP)

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Thursday 28 August, 2003

Toad Group PLC


Toad Group PLC
28 August 2003

Embargoed Release: 0700hrs 28th August 2003

                                 Toad Group plc
                            ('Toad' or the 'Group')

                    PLACING OF 3,688,880 NEW ORDINARY SHARES

Toad, the telematics and insurance re-instatement company, has today placed a
total of 3,688,880 new ordinary shares at 19.5p per share to raise £719,331.60
(before expenses) for the purpose of the company's working capital. The shares
are expected to be listed on the official list and admitted to trading on the
London Stock Exchange on the 2nd of September 2003.

For Further Information:

Peter Ward                                           020 8710 4000
Chairman of Toad plc

Wilson Jennings                                      020 8710 4000
Finance Director of Toad plc

Adam Reynolds/Andrew Tan                             020 7245 1100
Hansard Communications

                      This information is provided by RNS
            The company news service from the London Stock Exchange