RNS Number:2900D
Bridgewell Securities Limited
23 September 2004



                                   FORM 38.5


                        CONNECTED EXEMPT MARKET-MAKERS:
      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Name of EMM


Bridgewell Securities Limited


Date of disclosure


23 September 2004


Contact name


Neil Kapoor


Telephone number


020 7003 3207



Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:



Capital Radio plc



                        CONNECTED EXEMPT MARKET-MAKERS:
      DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS







Dealing in                      Capital Radio Plc


Class of security               Ordinary 2.5p shares


Date of disclosure              23 September 2004


Date of dealing                 23 September 2004


Name of EMM                     Bridgewell Securities Limited



Name of offeree/offeror with whom connected      Offeree - Capital Radio Plc




Total number of securities purchased                  5,300

Highest price paid*                                   451.5 p sterling

Lowest price paid*                                    451 p sterling





Total number of securities sold                       50,000

Highest price received*                               450 p sterling

Lowest price received*                                450 p sterling







*Currency must be stated


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

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