Rule 8.3- Character Group PLC

RNS Number:6144Z
Mittel Generale Investimenti S.p.A.
10 March 2006


FORM 8.3


DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION

Name of person dealing (Note 1) MITTEL GENERALE INVESTIMENTI S.P.A.

Company dealt in THE CHARACTER GROUP PLC

Class of relevant security ORDINARY SHARES
to which the dealings
being disclosed relate (Note 2)

Date of dealing 9 MARCH 2006


2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)

Long Short
Number (%) Number (%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

(b) Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 3)

Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c) Rights to subscribe (Note 3)

Class of relevant security: Details



3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)

SALE 5,000,000 0.785 GBP

(b) Derivatives transactions (other than options)

Product name, Long/short Number of securities Price per unit
e.g. CFD (Note 6) (Note 7) (Note 5)


(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying


Product Writing, Number of Exercise Type, e.g. Expiry Option money
name, selling, securities price American, date paid/
e.g. purchasing, to which European received
call varying etc. the option etc. per unit
option relates (Note 5)
(Note 7)




(ii) Exercising

Product name, e.g. Number of securities Exercise price per unit
call option (Note 5)


(d) Other dealings (including new securities)(Note 4)

Nature of transaction Details Price per unit
(Note 8) (if applicable) (Note 5)


4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.




Is a Supplemental Form 8 attached? (Note 9) NO


Date of disclosure 09 MARCH 2006

Contact name PIETRO SANTICOLI

Telephone number 0039 02 721411

If a connected EFM, name of
offeree/offeror with which connected -

If a connected EFM, state nature of connection (Note 10) -

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk