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RNS Number:5080V
Charlton Athletic PLC
8 December 2000


Charlton  Athletic plc ("Charlton" or "the Company") -  Placing
of 2,617,585 New Ordinary Shares ("the Placing")

Charlton  is  pleased  to announce that  it  has  today  placed
2,617,585 new ordinary 50p shares at a placing price of 50p per
share.  2,617,585 new ordinary shares represents  4.8%  of  the
issued share capital as enlarged by the Placing.

The  net  proceeds  of the Placing of #1.3m  will  be  used  to
augment the Company's working capital in the current season.

Charlton Athletic plc Chairman, Richard Murray, said:

"At  the time of our successful #5.3 million share issue during
the  summer,  our  shareholders gave us approval  to  issue  an
additional 5% of our share capital.

This  further  issue has now been completed and I am  delighted
that  it has been fully subscribed for.  The shares were issued
at   50p,  some  7p  above  the  current  market  price,  which
demonstrates  the confidence directors and others  had  in  the
future growth of the business.  An additional #1.3 million  has
been raised to support the working capital needs of the group".

Charlton directors and other investors subscribed for  the  new
ordinary  shares.  Under  the Placing, Richard  Murray,  Robert
Whitehand,  Michael Grade, Gideon Franklin  and  David  Sumners
have  subscribed for 1,353,121 new ordinary shares, for a total
aggregate amount of #676,561. On Admission of the new  ordinary
shares,  the  beneficial interests of the Directors  and  their
wives for the purposes of section 324 of the Companies Act 1985
will be as follows:

                     Number          Percentage  of  enlarged
                                     issued share capital
Richard Murray       14,026,280      25.5%
Robert Whitehand     5,775,000       10.5%
David Sumners        2,944,219       5.4%
Gideon Franklin      2,252,728       4.1%
Michael Grade        3,938           0.01%


In  the  opinion of the directors of the Company not taking  up
shares  under  the Placing ("the Independent Directors")  being
Greg  Bone, Martin Simons and Michael Stevens, having consulted
with  the  Company's  nominated adviser,  Teather  &  Greenwood
Limited,  consider that the terms of the subscription  for  new
ordinary  shares by directors under the Placing  are  fair  and
reasonable so far as shareholders of the Company are concerned.

The  new ordinary shares will, when issued, rank pari passu  in
all respects with the existing ordinary shares.

The  Placing  is  conditional only  on  the  Admission  of  the
2,617,585  new  ordinary shares to trading on  the  Alternative
Investment Market. This is expected to commence on 14  December
2000.


Contact details

Richard Murray, Chairman
Nigel Capelin, Group Financial Officer
Charlton Athletic Plc - 020 8333 4000

Michael Seabrook
Teather & Greenwood Limited - 020 7426 9000

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