RNS Number:8111H
NWD Group PLC
21 February 2003



For Immediate Release


                                 NWD GROUP PLC
                            ("NWD" or the "Company")

                                    Placing


This announcement replaces the Placing announcement released on 21 February 2003
at 07:00 under RNS number 7823H. In the second paragraph the figure of
100,000,000 should have read 600,000,000 and the third paragraph has been
deleted. In addition the details of the interests in NWD have been amended
otherwise all other details remain unchanged. The full amended text appears
below.


NWD Group plc is pleased to announce that it has raised #600,000 before expenses
by way of a placing of 600,000,000 new Ordinary Shares of 0.1p each ("new
shares") at 0.1p per share. The new shares will rank pari passu in all respects
with the existing shares in issue. For every two Shares subscribed for, one
Warrant has been issued, exercisable at 0.15p within two years of the date of
issue.


An application has been made for 600,000,000 of these new shares to be admitted
to trading on the Alternative Investment Market of the London Stock Exchange and
dealings are expected to commence on 24 February 2003.


In addition, as part of the move to a new business model, NWD has disposed of
the business and liabilities of Netwindfall Insurance Services Limited.


Alan Page, Chairman, commented,


"I am delighted that we have raised this interim funding at this stage in our
development. This will aid us in our intention to build a highly focused media
and marketing group, which we intend to develop both through acquisition and
also organically. I look forward to the future for NWD with great confidence."


As required by sections 198 to 202 of the Companies Act 1985 and rule 15 of the
Alternative Investment Market Rules the following information falls to be
disclosed.


City Equities purchased on 18 February 2003, as principal, 100,000,000 Ordinary
Shares of 0.1p each.  Accordingly City Equities is interested in approximately 5
per cent. of the issued share capital of the Company.


Hoodless Brennan purchased on 18 February 2003, as principal, 250,000,000
Ordinary Shares of 0.1p each.  Accordingly Hoodless Brennan is interested in
approximately 12.64 per cent. of the issued share capital of the Company.


Seymour Pierce Ellis purchased on 18 February 2003, as principal, 200,000,000
Ordinary Shares of 0.1p each.  Accordingly Seymour Pierce Ellis is interested in
approximately 10.1 per cent. of the issued share capital of the Company.


21 February 2003


For further information contact:


Alan Page, Chairman of NWD Group Plc: 07778 131051


Adam Reynolds/Ben Simons, Hansard Communications: 020 7245 1100 / 07785 908 158


Dru Edmonstone, Seymour Pierce: 020 7648 8109



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

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