Write Down of Investment

RNS Number:9470L
Aegis Group PLC
05 June 2003



5 June 2003                                          For Immediate Release


                           Aegis Group Plc ("Aegis")

                Write Down of Investment in NewworldIQ ("NWIQ")


The Board of Aegis has received a revised forecast of the revenues and
anticipated funding requirements for NWIQ, an investment originally made by
eVerger, the Group's internet investment joint venture with Warburg Pincus.  The
new forecasts show a significant deterioration in anticipated revenues and
increases in expected losses and funding requirements.

In the light of these new forecasts, Aegis has informed the board of NewworldIQ
of its decision not to provide further funding.  It is likely, therefore, that
the investment which amounts to US$18.1 million in the books of Aegis, will be
substantially or entirely written off against profits for the six months ended
30 June 2003, although there will be no associated outflow of cash.

The remaining book value of the Group's investment in eVerger after all
provisions and write-downs, would be US$2.5 million.  This is represented by a
holding in Dynamic Logic Inc which is trading profitably.

As reported at the AGM in May, overall trading for the Group is in line with the
board's expectations.



For further information contact:


Aegis Group plc                                              (44) 20 7070 7700
Richard Walters

Financial Dynamics                                           (44) 20 7831 3113
Charles Palmer




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