Network Group Holdings plc

(the "Company")

Issue of Equity

Network Group Holdings announces that on 21 December 2009 it issued 65,841 ordinary shares of 0.1p. Application for admission has been made in respect of these shares, and admission is expected to be effective on 29 December 2009.

These shares were issued pursuant to the Company's policy of incentivising management in its businesses through equity participation in the Company.

As a result of this issue of shares and in conformity with the Financial Services Authority's Disclosure and Transparency Rules, the Company gives notice that its voting capital consists of 70,603,125 Ordinary Shares of 0.1p each, with a total nominal value of £70,603.13.

As the Company does not hold any ordinary shares in Treasury, its total number of voting rights equals its capital. Under the trust deed establishing the Network Group Holdings Employee Benefit Trust, the trustees have undertaken to abstain from voting any shares held in the trust fund, which currently holds 6,500,000 Ordinary Shares, however these shares still carry voting rights, and have been included in the total voting rights figure quoted above.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further information please contact: 

Network Group Holdings plc                                               01676 525 000

Nigel Dudley, Company Secretary

www.networkgroupholdings.co.uk