RNS Number:0362K
Griffin Group PLC
05 October 2006


For immediate release

Stock Exchange Announcement

5th October 2006


                               Griffin Group Plc
                          ("Griffin" or the "Company")

        Early Redemption of 7.2% Convertible Loan Notes due September 2007 
                                 ("Loan Notes")


The Board of Griffin is pleased to announce that on 2nd October, the Company
redeemed for cash the entire outstanding balance of Loan Notes being #500,000
originally issued on 28th September 2005.

The Loan Notes, which were due for redemption in September 2007, were redeemed
at #90%, a 10% discount being received by Griffin for early redemption.


                                     -End-


Press enquiries:

Vince Nicholl, Griffin Group PLC                 01252 526252



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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