WGT Wallgate

RNS Number:5920M
Wigmore Group (The) PLC
20 May 2005


                             The Wigmore Group Plc
                               Sale of Subsidiary


The Wigmore Group plc is pleased to announce the sale of Blanchards, its
Salisbury-based building company, to the management of Blanchards for #574,000.
This will result in a goodwill write-down of #750,000 which will be taken in the
group accounts for the year to 31 December 2004. Blanchards is expected to make
a loss before tax of #313,682 for the year to 31 December 2004.

The sale, which includes the maintenance and customer care businesses previously
carried out by First National Property Maintenance, whose activities were merged
with Blanchards from 1st January 2005, represents the planned divestment of its
non core subsidiaries allowing the company to focus on the core business of
Speymill and its contracting services for the hotel and leisure industry. The
proceeds of sale from the disposal will be used to provide working capital to
the core business.

The company expects to publish a business review along with its preliminary
results for 2004 by the end of this month.


For further information please contact:

 Paul Doona
 Executive Chairman                                         01624 698130

 Tim Blackstone
 Britton Financial PR                                       020 7251 2544

 Jonathan Naess
 Nabarro Wells & Co Limited                                 020 7710 7400


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

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