Further re Press Comment

Character Group PLC 27 July 2005 Issued on behalf of The Character Group plc Date: Wednesday 27 July 2005 Immediate Release The Character Group plc (the 'Group' or 'Character Group' or the 'Company') Further to the announcement made by the Group on 6 July 2005 regarding one of its Directors, Enrico Preziosi, the Board has been made aware that the Italian football governing body (the FIGC) has found the Genoa Football and Cricket Club ('Genoa Club') of which, Enrico Preziosi is President and a major shareholder, guilty of committing a sporting fraud. Subsequently, the Disciplinary Council of the FIGC has demoted Genoa Club to the Third Division (C1) of the Italian football league and also given a five-year ban from any involvement in sporting business to Enrico Preziosi. It is understood that the Genoa Club and Enrico Preziosi will be appealing against these rulings made by the Disciplinary Council of the FIGC to both the C.A.F. in Rome and in the Courts of Justice. However, in the interim, Enrico Preziosi has decided to resign today as President of the Genoa Club although he remains a substantial shareholder. No other director of the Character Group has an interest in the Genoa Club. Enrico Preziosi is President and the largest shareholder in Giochi Preziosi S.p.A. ('GP') which holds 22.5% of the ordinary shares in the Character Group. Recently it was announced that 3i had acquired a 40% shareholding in GP. The Board of Character Group wishes to reiterate that it believes that this matter has not had nor will have any direct or indirect effect on the Group or its trading relationship with Giochi Preziosi S.p.A. The Company will keep the market and shareholders informed as appropriate. Enquiries: Richard King, Chairman Kiran Shah, Group Finance Director Fiona Tooley, Director The Character Group plc Citigate Dewe Rogerson Tel: +44 (0) 20 8949 5898 Tel: +44 (0) 121 455 8370 Mobile: +44 (0) 7836 250150 (RK) Mobile: +44 (0) 7785 703523 (FMT) www.charactergroup.plc.uk --------------------------- This information is provided by RNS The company news service from the London Stock Exchange