RNS Number:0289G
Bridgewell Securities Limited
03 December 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

03 December 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                               03 December 2004

Date of dealing                                  03 December 2004

Name of EMM                                      Bridgewell Securities Limited

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


Total number of securities purchased             Nil

Highest price paid*

Lowest price paid*


Total number of securities sold                  5,000

Highest price received*                          404 p sterling

Lowest price received*                           404 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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