Share Option Scheme

Character Group PLC 03 January 2003 Issued by Citigate Dewe Rogerson, Birmingham Date: Friday 3rd January 2003 Embargoed: 2.00pm. The Character Group plc ('Group' or 'Company') Proposed adoption of an Enterprise Management Incentive ('EMI') Share Option Scheme A Circular, containing details of the proposed adoption by the Group of an EMI Share Option Scheme and incorporating notice of an Extraordinary General Meeting of the Company and a form of proxy, has been posted to shareholders today. Shareholders will be asked to approve the adoption of the Scheme at the Extraordinary General Meeting of the Company to be held on Wednesday 22nd January 2003 following the conclusion of the Annual General Meeting. Further copies of the Circular will be available from the Company's Registered Office: 80 Fleet Street, London, EC4Y 1NA and from the Company's Head Office at 2nd Floor, 86-88 Coombe Road, New Malden, Surrey, KT3 4QS (Tel: 020 8949 5898). Enquiries: Fiona Tooley, Director Kiran Shah, Group Finance Director Katie Dale, Account Executive The Character Group plc Citigate Dewe Rogerson Tel: 020 8949 5898 Tel: 0121 455 8370 Mobile: 07956 278522 (KS) Mobile: 07785 703523 (FT) This information is provided by RNS The company news service from the London Stock Exchange