GWR Group PLC
26 January 2004

                                  GWR GROUP PLC

                             Re: Press Speculation


In response to press speculation over the weekend with regard to 'formal
discussions between GWR and Capital Radio', GWR Group plc states that it is not
in discussions with Capital Radio plc.

                                                                 26 January 2004
Enquiries:


GWR Group plc                                            0118 928 4338
Ralph Bernard, Executive Chairman

College Hill                                             020 7457 2020
Matthew Smallwood
Adrian Duffield



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