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Maclellan Group (MLG)

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Thursday 14 October, 2004

Maclellan Group

Issue of Equity

Maclellan Group PLC
14 October 2004



MacLellan Group plc ("MacLellan" or the "Company")


The Company announces that completion of the acquisition of First Security Group
Limited took place this morning on the admission of 16,666,667 shares to AIM in
connection with the vendor placing announced on 11 October 2004.

The Company further announces that it has issued 111,042 new ordinary shares
pursuant to the MacLellan Group SAYE Share Option Scheme.  Application has been
made to the London Stock Exchange for these shares to be admitted to trading on
AIM.  Trading is expected to commence on 20 October 2004.

As a consequence of the above issues of shares, MacLellan has been notified in
accordance with the relevant sections of the Companies Act 1985, as amended, of
the following changes in interests:

1.   BriTel Fund Trustees Limited has an interest in 6,166,667 ordinary shares 
     representing 6.329% of the enlarged issued ordinary share capital of the
     Company.

2.   Southwind Limited, a company owned by a trust set up by Mr A L R Morton 
     (Chairman of the Company) for the benefit of his infant children, acquired 
     on 14 October 2004 a further 400,000 ordinary shares at a price of 60p per 
     share.  Following this transaction, Mr Morton is interested in 1,156,753
     ordinary shares representing 1.186% of the enlarged issued ordinary share
     capital of the Company.

3.   John L Ellis (a Director of the Company) acquired on 14 October 2004 a 
     further 10,000 ordinary shares at a price of 60p per share and on the same
     date was allotted 6,681 ordinary shares following the exercise of options
     granted under the MacLellan Group SAYE Share Option Scheme at an exercise 
     price of 58p per share. Following these transactions, Mr Ellis is 
     interested in 51,681 ordinary shares representing 0.06% of the enlarged 
     issued ordinary share capital of the Company.



                      This information is provided by RNS
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