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RNS Number:6428F
Charlton Athletic PLC
15 February 2000



Charlton Athletic PLC - ("the Company") - Placing of New
Ordinary 50p Shares

The Company is pleased to announce a placing of 7,000,000
New Ordinary Shares at a Placing price of 50p per share
("the Placing"). 7,000,000 New Ordinary Shares represents
approximately 16.4 per cent. of the enlarged issued share
capital of the company.

The Placing proceeds of #3.5 million gross will be used to
provide resources to strengthen the first team squad in
order to improve the chances of promotion to the FA Premier
League.

Authority to increase the authorised and issued share
capital of the Company was granted by shareholders at the
Company's Annual General Meeting on 27 January 2000. The
Placing is conditional on Admission of the New Ordinary
Shares to trading on the Alternative Investment Market
("AIM"), ("Admission").

Under the Placing, Richard Murray, Robert Whitehand, David
Sumners, Roger Alwen and Michael Grade have subscribed for
3,306,090 new ordinary shares, for a total aggregate amount
of #1,653,045. On Admission of the new ordinary shares, the
interests of the Directors for the purposes of section 324
of the Companies Act 1985 will be as follows:

                     Number       Percentage of enlarged
                                   issued share capital
Richard Murray   10,364,036      24.3
Robert           4,000,000       9.4
Whitehand
David Sumners    2,243,215       5.3
Roger Alwen      810,776         1.9
Michael Grade    3,000           0.0

In the opinion of the directors of the Company not taking up
shares under the placing ("the Independent Directors") being
Greg Bone, Michael Stevens and Martin Simons, having
consulted with the Company's Nominated Adviser, Teather &
Greenwood Limited, the terms of the subscription for shares
by the Directors under the Placing are fair and reasonable
so far as the shareholders of the Company are concerned.

The new ordinary shares will, when issued, rank pari passu
in all respects with the existing ordinary shares.

Application has been made to the London Stock Exchange for
the new ordinary shares to be issued, to be admitted to
trading on AIM. Dealings in the New Ordinary Shares are
expected to commence on Monday 21 February 2000.

For further information, contact details are:

Richard Murray, Chairman                0208 333 4000
Michael Stevens, Deputy Chairman             0208 333 4000

Michael Seabrook, Teather & Greenwood Limited     0207 426
9000

END



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