21 November 2003

London Stock Exchange

Old Broad Street

London EC2N 1HP

Dear Sirs

We were informed on 20 November 2003 by Morgan Stanley Investment Management
Ltd (a member of Morgan Stanley Group of Companies) that the Van Kampen Global
Franchise is the beneficial owner of 2,522,883 Ordinary Shares in Capital Radio
plc. The registered holder of these shares is State Street Nominees Ltd and it
represents 3.04% of the Ordinary Shares in issue.

Yours faithfully

Nathalie Schwarz

Company Secretary



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