Response to Shareholder Sale

RNS Number:3589U
Scottish Radio Holdings PLC
19 January 2004


Response to shareholding sale


The Board of Scottish Radio Holdings plc ("SRH") notes the announcement made by
Emap plc ("Emap") on 16th January 2004, that it has acquired 9,729,361 shares
representing 27.8% of the issued share capital of SRH from SMG plc ("SMG") and
the statement that save in the circumstances described, Emap has no intention of
making or participating in an offer for the outstanding shares in SRH.


While the sale by SMG is not a surprising development the SRH Board were
disappointed that SMG ignored our offer to assist in placing the shares.
Nonetheless we look forward to a more constructive and mutually beneficial
relationship with Emap.

SRH's strategy remains to continue to build its strength across radio and weekly
press, grow audiences, circulations and operating margins still further and make
selective acquisitions whilst husbanding the Company's financial resources. The
Group's Board continues to look forward to good prospects during the course of
the year and beyond.

For further information, please contact:

Scottish Radio Holdings plc
Richard Findlay, Chief Executive    tel: [phone]
Alan Wilson, Finance Director       tel: [phone]

Gavin Anderson & Company
Byron Ousey                         tel: [phone]
Ken Cronin                          tel: [phone]







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

END
RSPGUUAGGUPCGMR