Result of Tender Offer

Triad Group PLC 18 October 2002 Triad Group Plc (the 'Company') Result of Tender Offer 1. Result of Tender Offer On 2 October 2002 the Company announced that it proposed to return up to £2.385 million of surplus cash to shareholders by way of a tender offer (the 'Tender Offer') to be made by Evolution Beeson Gregory Limited ('EVBG') for up to 9,000,000 ordinary 1p shares in the Company ('Ordinary Shares') and the subsequent purchase and cancellation of the tendered shares by the Company. The results of the Tender Offer and the subsequent purchase and cancellation of the tendered shares by the Company are set out in paragraph 3 below. A circular, together with a form of proxy and tender form, dated 2 October 2002 was posted to shareholders containing full details of the Tender Offer and including notice of an extraordinary general meeting to authorise the Company's purchase of up to 9,000,000 Ordinary Shares. The extraordinary general meeting was held at 3.00 p.m. today and the results are set out in paragraph 2 below. 2. Result of Extraordinary General Meeting The Company is pleased to announce that the ordinary resolution proposed at the extraordinary general meeting of the Company held today was approved by shareholders. Accordingly, the Company has now been granted the authority by shareholders to purchase not more than 9,000,000 Ordinary Shares at 26.5p per Ordinary Share. 3. Result of Tender Offer and the Company's Purchase of Ordinary Shares The Company is pleased to announce the results of the Tender Offer which closed at 3.00 p.m. on Thursday, 17 October 2002. Tenders have been received for a total of 6,602,735 Ordinary Shares or 30.35 per cent. of the total number of Ordinary Shares in issue at a price of 26.5p per Ordinary Share. The settlement date for purchases of Ordinary Shares made under the Tender Offer will be no later than Monday, 28 October 2002. Following closure of the Tender Offer and the approval of the resolution proposed at the extraordinary general meeting the Company has purchased 6,602,735 Ordinary Shares at 26.5p per Ordinary Share from EVBG, being the Ordinary Shares acquired by EVBG under the Tender Offer. The purchased Ordinary Shares will be cancelled in accordance with the Companies Act 1985. 18 October 2002 For further information please contact: John Rigg, Non-executive Chairman 01483 860222 Mira Makar, Chief Executive 01483 860222 Ed Senior City Profile 020 7448 3244 Simon Courtenay City Profile 020 7448 3244 This information is provided by RNS The company news service from the London Stock Exchange