Issue of Equity

RNS Number:5568W
Glen Group PLC
14 May 2007


                                 Glen Group plc

                                (the "Company")

                           Placing to raise #350,000

The Company is pleased to announce that it has issued 100,000,000 new ordinary
shares of 0.1p each at 0.35p per share to raise #350,000, before expenses. The
Company is in advanced discussions to make several acquisitions which are
complementary to the Company's existing businesses and the net funds raised are
expected to be used in connection with the financing of one or more of those
acquisitions and to meet associated expenses.

The new shares will rank pari passu with other ordinary shares and application
has been made for the new ordinary shares to be admitted to trading on AIM on 18
May 2007.

ENQUIRIES

Glen Group plc
Graham J Duncan
Chief Executive             0845 119 2100

Pelham PR
Alex Walters                0203 170 7435






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

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