FORM 8.1/8.3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Use separate form for
each class of securities in which dealings have been made.

Date of Disclosure 25 November 2004

DISCLOSURE UNDER RULES 8.1(a), 8.1(b) (i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of Dealing 24 November 2004

Dealing in CAPITAL RADIO

(1) Class of securities (eg ordinary shares) ORD GBP 0.025

(2) Amount bought  Amount sold  Price per unit
                0        1,081          3.9100

Barclays PLC is party to certain CFD transactions (see below). The resultant holdings total
includes hedges against CFDs (short 13,567 shares).

(3) Resultant total of the same class owned or controlled
(and percentage of class) 1,567,992 (1.83%)

(4) Party making disclosure Barclays PLC

(5) EITHER (a) Name of purchaser / vendor (Note 1)
           (b) if dealing for discretionary clients, name of fund management organisation
 
               Barclays PLC

(6) Reason for disclosure (Note 2)
           (a) associate of (i) offeror (Note 3) NO
                           (ii) offeree NO

Specify which category or categories of associate (1-8 overleaf)

           (b) Rule 8.3 (I.e disclosure because of ownership or control of 1% or more of the class
               of relevant securities dealt in) YES

Signed for and on behalf of the party named in (4) above

Geoff Smith
Telephone and extension number
0207 699 2305

Form 8 Enclosure

A purchaser of a CFD will realise a gain if the price of the underlying security goes up. A seller
of a CFD will realise a gain if the price of the underlying security goes down. The CFD contracts
are open ended and there is no rollover into new contracts.

Contracts for Differences           Date of Disclosure: 25 November 2004

CAPITAL RADIO

                     Trade Date   Buy/Sell  Quantity   Open Price
Capital Radio CFD    20/09/2004      B           536       4.6450
                     22/09/2004      B         1,547       4.5600
                     22/09/2004      S         3,638       4.5712
                     23/09/2004      B           600       4.5000
                     24/09/2004      S         1,024       4.4477
                     27/09/2004      S         1,800       4.4154
                     29/09/2004      S         4,338       4.2067
                     30/09/2004      B           200       4.2175
                     30/09/2004      S         4,786       4.1145
                     01/10/2004      B           500       4.1175
                     01/10/2004      S         5,239       4.1317
                     01/10/2004      S           399       4.1100
                     04/10/2004      S         3,200       4.1725
                     04/10/2004      S         1,400       4.1800
                     05/10/2004      B         1,796       4.1800
                     07/10/2004      S         1,870       4.0968
                     07/10/2004      S           310       4.0600
                     14/10/2004      B           971       4.0300
                     15/10/2004      B           892       3.9575
                     15/10/2004      S           752       3.9525
                     20/10/2004      B         1,868       3.9537
                     20/10/2004      S           547       3.9000
                     21/10/2004      S         2,304       4.0376
                     25/10/2004      B         4,956       3.9800
                     25/10/2004      S           600       3.9525
                     29/10/2004      B         1,416       4.1062
                     03/11/2004      B         2,438       4.2278
                     05/11/2004      S           726       4.2325
                     08/11/2004      S           200       4.2025
                     08/11/2004      S           410       4.2050
                     09/11/2004      B           700       4.2450
                     10/11/2004      B         2,594       4.2819
                     10/11/2004      S         1,189       4.2630
                     11/11/2004      S           818       4.2575
                     12/11/2004      B         1,541       4.3469
                     12/11/2004      S         1,774       4.2924
                     15/11/2004      B           681       4.2475
                     16/11/2004      S           679       4.1552
                     17/11/2004      S           953       4.1024
                     17/11/2004      B           447       4.1674
                     18/11/2004      S           199       4.0850
                     23/11/2004      B           824       4.0218
                     24/11/2004      B         1,081       3.9100


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