RNS Number:3939N
Character Group PLC
10 July 2003




Issued by Citigate Dewe Rogerson on behalf of The Character Group plc
Date: Thursday 10th July 2003


                                                               Immediate Release


                            The Character Group plc
                     ("the Character Group" or "the Group")


Under the terms of the agreement to acquire the business and assets of The
Really Useful Games Company Limited which was completed on 4 April 2000, the
earn-out period has now ended and the Group announces that it has determined,
and agreed with Mr Danny Kishon, Managing Director of Character Games Limited,
that a final payment is due to Mr Kishon in the gross amount of #800,000. This
amount is to be paid in cash.


As a result, the Character Group has paid a total of #1,538,000 as consideration
for the acquisition and, pursuant to the acquisition agreement and associated
arrangements, no further payments or royalties are due.



Richard King, Chairman, The Character Group, said:

 "The games business was an important acquisition for the Group and clearly
underpinned our strategy to broadening our spread of business. Over the last
three years we have focused on developing our licensed games business as well as
investing in the creation, marketing and selling of our own products in the UK
and international markets which includes successes such as three dimensional
chess sets and electronic 'Pin the tail on the donkey' which is now being
marketed and distributed in the USA by Mattel."





Enquiries:
Richard King, Chairman
Kiran Shah, Group Finance Director        Fiona Tooley                             Mark Connelly
The Character Group plc                   Citigate Dewe Rogerson                   Collins Stewart
Tel: 020 8949 5898                        Tel: 0121 455 8370                       Tel: 020 7523 8350
Mobile: 07836 250150 (RK)                 Mobile: 07785 703523
07956 278522 (KS)





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