RNS Number:3813T
Croma Group PLC
18 December 2003



                                Croma Group plc

                   ("Croma" or "the Company" or "the Group")

                       Results of Offer for Subscription

On 3 December 2003, the Board of the Company announced the terms of a placing of
27,340,912 new ordinary shares in the Company of 5p each ("New Ordinary Shares")
at 5.5p per share and an offer for subscription of up to 9,090,909 New Ordinary
Shares at 5.5p per share to raise in aggregate up to approximately #2 million
(before expenses). The proceeds of the placing and offer for subscription are
intended to provide, inter alia, funds for working capital, and in particular,
to expand the Company's marketing programme, to expand its overseas distribution
network, to develop new products and to establish new distribution relationships
with third parties and for the repayment of approximately #325,000 of working
capital loans provided to the Group by London & Boston Investments plc, who have
supported the Company throughout its development phase.

In addition, the Directors believe that there are opportunities for
consolidation within the industry that Croma operates in and it is the Board's
intention to make acquisitions, where such acquisitions would complement Croma's
existing business.

The Board of the Company is pleased to announce that by 12.00 noon on 17
December 2003, being the latest time and date for receipt of application forms
and payment in full under the offer for subscription, 2,610,000 New Ordinary
Shares offered via the offer for subscription had been applied for. A further
27,340,912 New Ordinary Shares have been subscribed for by investors under the
placing.

Accordingly, a total of 29,950,912 New Ordinary Shares are to be issued under
the placing and offer for subscription which, at the issue price, amounts to
approximately #1,647,000 before expenses.

Application has now been made for a total of 51,598,106 ordinary shares of the
Company, which represents 21,647,194 existing ordinary shares in the Company and
29,950,912 New Ordinary Shares, to be admitted to trading on the AIM market of
the London Stock Exchange plc.

Dealings in the existing ordinary shares of the Company and the New Ordinary
Shares are expected to commence at 8.00 a.m. on 18 December 2003.




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