CAP Clean Air

RNS Number:7411G
Capital Radio PLC
22 December 2004


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA
                                    OR JAPAN


For Immediate Release                                           22 December 2004


Capital Radio and GWR to progress with merger


The Boards of Capital Radio plc and GWR Group plc welcome the decision by the
Office of Fair Trading to clear the merger subject to the merged group agreeing
to address its local radio advertising competition concerns in the East
Midlands. Capital Radio and GWR are fully committed to proceeding with the
merger and have offered to divest 106 Century FM in Nottingham to address these
concerns. Subject to finalisation of the details of the undertakings, Capital
Radio and GWR will issue a further announcement in due course.

The broadcasting regulator Ofcom has also today announced that the merger will
be in compliance with the statutory rules on media ownership and has also stated
that minor changes, bringing two of the merged group's local analogue licences
up to date to reflect the service already being provided on air, will be
effected as a consequence of the Merger.


Ralph Bernard, Executive Chairman of GWR, said:

"When we announced our merger we set out the benefits for listeners, advertisers
and shareholders. This is a merger of two complementary businesses that will
strengthen the UK radio industry and we are very pleased that OFT and Ofcom are
satisfied that it can proceed."


David Mansfield, Chief Executive of Capital Radio, said:

"We are delighted with this decision, which follows a constructive dialogue with
the OFT and Ofcom. This is good for listeners and for the radio industry. We
look forward to working with our new colleagues at GWR to effectively integrate
our businesses and create a commercial radio champion for the digital age."



Enquiries:

Capital Radio                           GWR

Tel: +44 (0)20 7766 6240                Tel: +44 (0)118 928 4338
David Mansfield                         Ralph Bernard
Peter Harris                            Wendy Pallot
Jane Wilson                             Simon Cooper

Finsbury                                College Hill
Tel: +44 (0)20 7251 3801                Tel: +44 (0)20 7457 2020
Rupert Younger                          Adrian Duffield
Julius Duncan                           Matthew Smallwood



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

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