Anyone any comments on hos this is likely to pan out.

10 February 2004

The Corporate Services Group PLC

('Corporate Services Group' or the 'Company')

The Directors of Corporate Services Group note the recent movement in the
Company's share price and wish to inform shareholders and noteholders that the
Company is currently in discussions which are expected to result in the Company
restructuring its 7.5% convertible notes 2005, entering into new banking
facilities and undertaking an equity fundraising (together the 'Transaction').

Robert W. Baird Limited, the Company's financial adviser and stockbroker, is
advising the Company in relation to the Transaction. Close Brothers Corporate
Finance Limited has been appointed to advise the Company in relation to the
proposed note restructuring.

The Group's preliminary results for the year ended 31 December 2003 are
expected to be in line with market expectations.

Further announcements will be made in due course.

Enquiries:

The Corporate Services Group PLC 01582 692 692

Desmond Doyle - Group Finance Director

Robert W. Baird Limited 020 7488 1212

James Wellesley Wesley or Nick Naylor

Close Brothers Corporate Finance Limited 020 7655 3100

Martin Gudgeon or Jason Clarke

CardewChancery 020 7930 0777

Melvyn Marckus

Robert W. Baird Limited is acting exclusively for The Corporate Services Group
PLC and no-one else in connection with the Transaction and Close Brothers
Corporate Finance Limited is acting exclusively for The Corporate Services
Group PLC and no-one else in connection with the proposed note restructuring.
Robert W. Baird Limited, which is a member of the London Stock Exchange plc and
is authorised and regulated by the Financial Services Authority Limited, and
Close Brothers Corporate Finance Limited, which is regulated by the Financial
Services Authority Limited, will not be responsible to anyone other than The
Corporate Services Group PLC for providing the protections afforded to the
clients of Robert W. Baird Limited and Close Brothers Corporate Finance
Limited, respectively, or for providing advice to any other person in relation
to the contents of this announcement or matters or arrangements referred to
herein.