CAP Clean Air

RNS No 4719b
CAPITAL RADIO PLC
29th September 1997


  Proposed placing of GWR Group plc ordinary shares by
                    Capital Radio plc
----------------------------------------------------------
                     

Capital  Radio  plc  ("Capital"  or  the  "Company")  the
largest  commercial  radio group in the  United  Kingdom,
announces  the proposed placing of its entire holding  of
14,061,508 ordinary shares in GWR Group plc ("GWR").  The
placing  shares  represent 12.9 per cent  of  the  issued
share capital of GWR.

Capital  has  retained SBC Warburg Dillon Read  and  HSBC
James Capel to conduct the placing and advise the Company
on the timing and price of the sale.

Reasons for sale
-----------------

Capital  became  a  significant  shareholder  in  GWR  in
December 1993 through the sale of Mercia Sound, Leicester
Sound and Radio Trent to GWR in exchange for cash and new
shares in GWR.

Capital's  stake in GWR has been a successful  investment
and  the  two companies have enjoyed a long and  fruitful
partnership.

Capital's decision to dispose of its shareholding in  GWR
is  due to its strategy of focusing on wholly owned radio
businesses  as  evidenced by its proposed acquisition  of
Virgin Radio.

The cash proceeds will be used to pay down indebtedness.



Enquiries
----------

Capital Radio                 David Mansfield      0171 766 6000
                              Peter Harris

SBC Warburg Dillon Read       James Renwick        0171 568 2015

HSBC James Capel              Tim Rowntree         0171 623 1100



END



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