CAP Clean Air

RNS Number:4693J
Capital Radio PLC
08 March 2005



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA
                                    OR JAPAN


For immediate release           8 March 2005


                  Capital Radio                           GWR


Office of Fair Trading ("OFT") takes final step in clearance process concerning
the merger of Capital Radio and GWR

Capital Radio and GWR are pleased to announce the satisfaction of all the
pre-conditions to the merger of Capital Radio and GWR, which are set out in the
pre-conditional merger announcement dated 29 September 2004, following today's
announcement by the OFT that it has accepted undertakings by Capital Radio to
divest 106 Century FM in lieu of a reference to the Competition Commission.

Capital Radio and GWR received confirmation from Ofcom on 22 December 2004 that
its assessment of the merger did not raise any issues which would have a
material adverse effect on the Merged Group taken as a whole.

Capital Radio and GWR have agreed to effect the merger by means of a scheme of
arrangement of GWR under section 425 of the Companies Act 1985. The scheme of
arrangement requires the approval of GWR shareholders and the sanction of the
court. The merger also requires the approval of the Capital Radio shareholders,
and remains subject to other conditions set out in the announcement dated
29 September 2004.

Capital Radio and GWR intend to post the merger documentation as soon as
practicable, at which time they will also each release trading updates in
advance of the results for the periods to 31 March 2005.


Enquiries:

Capital Radio                           GWR

Tel: +44 (0)20 7766 6240                Tel: +44 (0)118 928 4338
David Mansfield                         Ralph Bernard
Peter Harris                            Wendy Pallot
Jane Wilson                             Simon Cooper

Finsbury                                College Hill
Tel: +44 (0)20 7251 3801                Tel: +44 (0)20 7457 2020
Rupert Younger                          Adrian Duffield
Julius Duncan                           Tom Baldock









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

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