Vibe / Galaxy

RNS Number:2246L
Scottish Radio Holdings PLC
16 May 2003

                                                                     16 May 2003


Result of the Competition Commission's investigation

SRH notes the Competition Minister's announcement that she accepts the
Competition Commission's report that the joint venture between GWR and SRH in
respect of Galaxy Radio Wales & West Ltd (Vibe 101) would be expected to operate
against the public interest.

SRH points out that, apart from its interest in Vibe 101 (51%) it has no other
radio interests in the area concerned and none of the remedies suggested involve
any reduction in the SRH interest in the joint venture.

In the coming days SRH will consider the position along with GWR with a view to
finding a resolution acceptable to the OFT and parties involved.



For further information:

Scottish Radio Holdings plc                            0141 565 2202
Richard Findlay, Chief Executive

Gavin Anderson & Company                               0207 554 1400
Byron Ousey




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