Issue of Equity

RNS Number:7123C
Glen Group PLC
23 August 2007



Glen Group plc
23 August 2007

                                  Glen Group plc

                                 (the "Company")

                            Placing to raise #400,000

The Company is pleased to announce that it has issued 200,000,000 new ordinary 
shares of 0.1p each at 0.2p per share to raise #400,000, before expenses. 
Having completed two acquisitions in the last three months, the funds will be 
applied to fund due diligence, legal and other costs and provide further 
working capital as the group continues to expand.

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 
which is expected to be on 24 August 2007.

ENQUIRIES:

Glen Group plc
Graham J Duncan
Chief Executive                          0845 119 2100

Pelham PR
Alex Walters                             0203 170 7435

Seymour Pierce
Jonathan Wright                          0207 107 8000




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

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