TWG increases digital stake

RNS Number:1128U
Wireless Group PLC
13 January 2004


13 January 2004

                     TWG increases digital stake in London


The Wireless Group plc ("TWG") has entered into an agreement with Matsushita
Electric Europe (Headquarters), a subsidiary of Panasonic, to acquire its 10%
interest in DRG (London) Ltd ("DRG"), owner of the London III digital multiplex
licence. The acquisition is subject to the exercise of pre-emption rights by the
shareholders of DRG.

TWG is already the joint largest shareholder in DRG with a 23.58% stake and it
also has an 80.5% stake in the London II licence, held by SwitchDigital (London)
Ltd.

This makes TWG the largest digital multiplex operator in London.

Kelvin MacKenzie, Chairman and Chief Executive of TWG, said: "We believe
unreservedly in the digital future of radio and will continue to invest in it
where opportunities arise. Listeners clearly want digital radio as evidenced by
the record number of sets sold in the run-up to Christmas and the industry is
expecting increasing sales this year. It is the hottest, must-have consumer
product in the sector."

In addition to its interests in London, TWG is a 92% shareholder in
SwitchDigital (Scotland) Ltd, which holds the Central Scotland (incorporating
Glasgow and Edinburgh) and Aberdeen multiplex licences. In conjunction with
Emap, TWG also has interests in the following three licences:

Bradford and Huddersfield (80%)
Swansea (70%) - starts broadcasting at the end of January 2004
Stoke-on-Trent (70%) - starts broadcasting in April 2004

                                    - ends -

For further information, please contact:
David Rydell / Luke Morton, Bell Pottinger Financial
020 7861 3232



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

END
MSCLLLFFZFBXBBZ