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Capital Radio PLC
01 April 2004

Capital Radio plc pre-close First Half Trading Update
1st April 2004

Capital Radio plc, the UK's leading commercial radio group, today announces a
trading update for the six months ending 31st March 2004, ahead of the interim
results due to be released on 20th May 2004.

We anticipate that our radio revenues for the six months to 31st March 2004 will
increase by 3% year on year, in line with our expectations. We previously
announced that our radio revenue for the October to December 2003 quarter
increased by 5% on the previous year and we anticipate that our radio revenue
will have improved by 2% in the January to March 2004 quarter, resulting in nine
months of year on year growth.

Our revenue performance continues to be enhanced by the Group's portfolio of
stations across the UK and we are achieving particularly strong growth from Xfm,
the Century FM Network and the recently acquired Choice FM.

Our outlook on forward bookings indicates that April will continue to show
modest revenue growth. We are encouraged at the prospect of Johnny Vaughan
taking over the breakfast show on 95.8 Capital FM, but recognise that this will
not have a material impact on our revenues untilour new financial year.

Enquiries:

Capital Radio plc
David Mansfield, Chief Executive                       +44 20-7766-6288
Peter Harris, Finance Director                         +44 20-7766-6119
Jane Wilson, Director of Communications       +44 20-7766-6119

Finsbury Group
Rupert Younger                                         +44 20-7251-3801
James Leviton                                          +44 20-7251-3801


                      This information is provided by RNS
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