WGT Wallgate

RNS Number:6559C
Wigmore Group (The) PLC
06 September 2004

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

Financial review of the Company by Burnbrae Limited ("Burnbrae") and further
investment

The Directors of Wigmore Group are pleased to announce that pursuant to its
announcement on 24 August 2004, Burnbrae has now completed its financial review
of the Company and is satisfied with the results. Accordingly, the second
tranche of #400,000 of the convertible redeemable unsecured loan note has now
been received by the Company.  Further, Burnbrae has agreed to participate in a
placing by the Company of its ordinary shares which will replace the
underwritten rights issue element of the refinancing package announced by the
Company on 7 July 2004.

Completion of the placing and the conversion rights attaching to the loan note
are   conditional upon shareholder approval and further details will be set out
in the circular to be sent to shareholders shortly. The aggregate of Burnbrae's
participation in the placing and the #500,000 invested under the loan note,
which is completed today, will not be less than its full underwriting commitment
in the rights issue.

Peter L Hewitt
Executive Chairman

For further information please contact either:

Peter Hewitt                Executive Chairman              01293 423 301
Jonathan Naess              Nabarro Wells                   0207 710 7412

Note to Editors:

The Wigmore Group PLC (LSE: WGT) is a focussed support services group deriving
its business from a mixture of term contracts with good covenants, after-sale
housing services, domestic and commercial building insurance solutions, and
speciality contracting. It provides business to business building and
maintenance services to both the public and private sectors as well as fast
track design, construction and property refurbishment services to the leisure
and hotel sector throughout the UK.

www.wigmoregroup.com

The Wigmore Group plc has three principal subsidiaries:

www.speymill.com
www.fnpm.co.uk
www.dfblanchard.com


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