GFF Griffin Grp.

RNS Number:5227X
Griffin Group PLC
08 April 2004



For Immediate Release 8 April 2004

                               Griffin Group plc
                          ("Griffin" or the "Company")

The Board of Griffin, the UK and US based investment banking business, announces
that Griffin intends to launch an AIM-traded cash shell, which will be
substantially owned by Griffin, to be named Orientrose 1 plc ("Orientrose"). The
Directors expect that Orientrose will have up to #150,000 (after expenses) on
Admission and in due course Orientrose will make a reverse acquisition or
substantial investment. The Directors expect that Griffin will be able to
introduce to Orientrose a number of potential acquisitions or investment
opportunities through its investment banking activities.

A further announcement will be made in due course.

ENDS




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

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