Capital Reorganisation

RNS Number:4072K
Meriden Group PLC
25 April 2003


25 April 2003


Enquiries:

David Bick/Trevor Phillips           020 7929 5599
Holborn                              [e-mail]

Hugh Oram                            020 7710 7400
Nabarro Wells & Co.Limited           [e-mail]



                        Meriden Group Plc (the "Group")


Capital Re-organisation

In order to increase the marketability of the Group's shares, the directors
believe that a capital re-organisation would be beneficial. It is proposed that
each issued Ordinary Share is sub-divided into ten New Ordinary Shares of 0.1p.
The rights attaching to the New Ordinary Shares will be identical to those
presently attaching to the existing Ordinary Shares.


Following the Capital Reorganisation, an existing shareholder in the Company
will hold ten times the number of New Ordinary Shares as the number of Existing
Ordinary Shares he/she now holds.


Extraordinary General Meeting


A notice convening an Extraordinary General Meeting of the Company will be
posted to shareholders today. The EGM will be held at the Registered Office at
11.30am on 22 May 2003 at which, the following special Resolution will be
proposed:


That each existing issued Ordinary Share of 1p is sub-divided into ten New
Ordinary Shares of 0.1p and that each authorised but un-issued Ordinary Share is
sub-divided into ten New Ordinary Shares of 0.1p.

Share Certificates


Should the Resolution be passed at the EGM, shareholders will receive a new
share certificate within ten days of the EGM.



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