RNS Number:8490R
MG Capital PLC
07 November 2003


                                 MG Capital plc

                                Issue of equity


MG Capital has issued 9,757,230 new ordinary shares in satisfaction of an
outstanding obligation. Application will be made for these shares to be admitted
to trading on AIM.


The announcements on 18 September and 2 October 2003 concerning the transfer by
Charles Fowler of shares in MG Capital to his Self Invested Pension Plan
described transfers which, for technical reasons, have proved incapable of
completion and should therefore be ignored. In order to correct the technical
defects in the earlier transactions, on 4 November Mr. Fowler's brokers sold
6,217,110 ordinary shares at 0.645p per share to his Self Invested Pension Plan.
As previously announced, there has been no change in the number of shares in
which Mr. Fowler is interested.


7 November, 2003


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