Dowlais Group PLC has successfully completed a reduction of capital, as approved by the High Court of Justice. The cancellation of the entire amount in the company's share premium account has created distributable reserves. This reduction of capital was previously outlined in the company's prospectus and approved by shareholders at a general meeting. The issued share capital of the company remains unchanged at 1,393,273,527 ordinary shares of £0.01 each. For further information, contact John Nicholson, General Counsel and Company Secretary.