WGT Wallgate

RNS Number:6638H
Wigmore Group (The) PLC
21 January 2005

                             The Wigmore Group plc
                                (the "Company")

               Subscription for Convertible Redeemable Loan Notes


Jim Mellon, the beneficial owner of Burnbrae Limited, has subscribed for
#300,000 of convertible redeemable loan notes which will be used to provide
working capital for the group, in addition to the overdraft facility of #650,000
made available recently to the Company by Burnbrae Limited. Interest is payable
on the loan at 7.2 per cent. per annum, with a final repayment date on 30 June
2007. One hundred ordinary shares will be issued for every 11p nominal of the
loan converted. The independent directors consider, having consulted with the
Company's nominated adviser, that the terms of the transaction are fair and
reasonable insofar as its shareholders are concerned. Your Board continues to
consider options to seek further capital for the business.



For further information please contact:

Paul Doona
Executive Chairman                                   01624 629699

Jonathan Naess
Nabarro Wells                                        0207 710 7400


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

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