CAP Clean Air

RNS Number:2554T
Capital Radio PLC
20 March 2002

20th March 2002



CAPITAL RADIO PLC
PRE-CLOSE FIRST HALF TRADING UPDATE

Capital Radio plc, the UK's leading commercial radio group, today announces a
trading update for the six months ending 31st March 2002, ahead of the interim
results due to be released on 16th May 2002.

In our AGM statement made on 23rd January 2002, we announced that in the October
to December 2001 quarter our like for like radio revenue was down 9% against the
same quarter in the previous year. We anticipate that our like for like radio
revenue will have declined by 5% in the January to March 2002 quarter. This will
result in a 7% decline in our like for like radio revenue for the six months to
31st March 2002, in line with our expectations.

There has been no material change in conditions since our last trading update in
January 2002.  We remain cautious regarding current advertising demand and we
continue to manage the cost base of our business on the assumption that the
advertising market remains under pressure for the rest of our financial year.

Enquiries:

Capital Radio plc
David Mansfield, Chief Executive                                   020-7766-6288
Peter Harris, Finance Director                                     020-7766-6119
Dorothy Colling, Head of Corporate Communications                  020-7766-6194

Finsbury Group
Rupert Younger                                                     020-7251-3801
James Leviton


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