Grey Stockholders Agree to Merge With WPP

Grey Stockholders Agree to Merge With WPP 


NEW YORK, March 3  /PRNewswire-FirstCall/ -- Grey Global Group Inc.
(NASDAQ:GREY) announced today that its stockholders approved its merger with
WPP plc at a special meeting of Grey's stockholders in New York. The deal is
expected to close early next week.

Grey has operated as an independent company since it was founded in 1917. It
became a public company in 1965. It will continue to operate as a separate
entity within the WPP group of companies.

Grey Global Group Chief Executive Officer Edward H. Meyer said that the merger
will allow Grey to tap into the prodigious resources of WPP and to continue its
singular commitment to building its clients' businesses.

Grey Global Group ranks among the largest global communications companies in
the world.  Grey Global Group operates branded independent business units in
many communications disciplines including general advertising, public
relations/public affairs, direct marketing, Internet communications, healthcare
marketing, brand strategy and design, and on-line and off-line media services. 

DATASOURCE: Grey Global Group Inc.



CONTACT:  Steven G. Felsher, [phone], for Grey Global Group Inc.



Web site:  http://www.grey.com/ 

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