RNS Number:9227C
10 Group PLC
22 December 1999


CONVERSION OF LOAN NOTES

10 Group has agreed with the holders of Nil Coupon Unsecured Convertible Loan
Notes 1998-2001 in 10 Group dated 19 November 1998 (the "Loan Notes") to convert
all of the outstanding #210,000 of such Loan Notes into 4,692,737 new ordinary
shares in 10 Group. In addition the outstanding #30,000 of Nil Coupon Unsecured
Loan Notes, which are due for redemption on or before 31 March 2000, have been
converted into 670,391 new ordinary shares in 10 Group. The new ordinary shares
are being issued at a price of 4.475p each, being the average mid market price
of 10 Group ordinary shares at the close of business on each of the 10 working
days immediately preceding the day on which conversion terms were agreed. 
Application will be made for the new ordinary shares to be admitted to trading
on AIM and it is expected that dealings in such shares will commence on 29
December 1999.

22 December, 1999

Enquiries

10 Group plc  -  0121 233 1122
Andrew Moore, Chairman
Paul Harvey, Managing Director

END
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