CAP Clean Air

    26 November 2004

Capital Radio plc - Notification of Directors' Interests

On 26 November 2004, David Mansfield exercised 24,100 options which were
granted on 20 December 1994 under the Capital Radio 1986 Senior Executive Share
Option Scheme:-

     Date of Grant         Number of Options            Option Price       
                                                                           
   20 December 1994              24,100                    �3.32           

This exercise has taken place due to the fact that the ten-year period for
these options will expire on 20 December 2004.

Following exercise of these options, David Mansfield holds 139,614 shares in
the Company.

Cliff Fluet

Company Secretary

Capital Radio plc



END

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