RNS Number:9973G
Bridgewell Securities Limited
04 January 2005






                                      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


4 January 2005



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                          4 January 2005



Date of dealing                             4 January 2005



Name of EMM                                 Bridgewell Securities Limited



Name of offeree/offeror with whom connected      Offeree - GWR Group Plc







Total number of securities purchased                  2,500



Highest price paid*                                   438 p sterling



Lowest price paid*                                    438 p sterling







Total number of securities sold                        Nil



Highest price received*



Lowest price received*









*Currency must be stated




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

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