WGT Wallgate

RNS Number:9836A
Wigmore Group (The) PLC
19 July 2004


                             The Wigmore Group plc
                       ("Wigmore Group" or "the Company")

                    Conversion of Loan Notes by Burnbrae Ltd

The Board of Wigmore Group is pleased to announce that Burnbrae Limited
("Burnbrae") has converted #194,700 of its #300,000 convertible loan note in the
Company into 177,000,000 new ordinary shares.

The conversion by Burnbrae follows the announcement on 7 July 2004 of an
investment agreement between Wigmore Group and Burnbrae and forms part of their 
long term investment strategy in Wigmore Group.

The Company will make application for the 177,000,000 new ordinary shares of
0.01p each to be admitted to trading on AIM and admission is expected to occur
on 23 July 2004.

Following this loan note conversion, the issued share capital of the Company is
608,711,111 ordinary shares of 0.01p each.

Burnbrae's holding of 177,000,000 ordinary shares represents approximately 29.1%
of the enlarged issued share capital of the Company.



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

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