RFI Reflex Grp

RNS Number:1718Y
Reflex Group PLC
29 April 2004


                     Additional Listing/Directors Dealings

                  Reflex Group plc ("Reflex" or "the Company")


29 April, 2004

Application has been made to the London Stock Exchange for 24,999,500 New
Ordinary Shares of nominal value Euro0.06 each in the capital of the Company to be
admitted to trading on the Alternative Investment Market of the London Stock
Exchange. These shares rank pari passu in all respects with the existing
Ordinary Shares of the Company. Dealing is expected to commence in these shares
on 4 May, 2004.

These Ordinary Shares have been allotted pursuant to the acquisition of Fitness
& Leisure Group (Holdings) Limited ("FLG") in September 2001. It was a term of
the acquisition that up to 25,000,000 Ordinary Shares would be issued to the
vendors of FLG in the event that the aggregate deferred consideration received
by Reflex in respect of the disposal by Reflex of First Rental Limited ("FRL")
was less than Stg#900,000.

FRL has gone into administration without making any deferred consideration
payments and thus the arrangement outlined above has been effected.

The issue of these Reflex Ordinary Shares will be made to the vendors of FLG,
including individuals who are current Directors of Reflex. Details of existing
and new Directors holdings following the issue and allotment of these shares is
outlined in the table below;



Director      Existing Ordinary Shares of    %       New Ordinary Shares of       Resultant holding of       %   
                       euro0.06                      euro0.06 to be issued          Ordinary Shares              

Luke Johnson         12,674,764            9.7           3,574,500                    16,249,264          10.5 
Paul May              8,464,276            6.5           2,387,000                    10,851,276           7.0  
Tony Kilduff*        15,244,622           11.7           1,348,000                    16,592,622          10.7 


*Holding registered in the name of Elgin Nominees Limited




For further information contact:

Chris Marsh (Finance Director, Reflex Group plc)     +44 (0) 170 7226 030
Des Carville (Davy Corporate Finance)                +353 1 679 6363


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

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