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Disclaimer

This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of WPP Group plc (the "Company") or any of its subsidiaries (together, the "WPP Group") in any jurisdiction or an inducement to enter into investment activity. Any decision to purchase securities in the proposed offering should be made solely on the basis of the information contained in the offering memorandum to be published in relation to the proposed offering. This presentation has been prepared by the Company solely for use in connection with the proposed offering. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation.  This presentation is only for persons having professional experience in matters relating to investments and must not be acted or relied on by persons who are not Relevant Persons (as defined below). Any investment or investment activity to which this presentation relates is available only to and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be available only to or will be engaged in only with Relevant Persons.  By your viewing this presentation you will be deemed to represent that you are not an affiliate (as defined in Rule 144 under the Securities Act) of the Company, that you are not acting on behalf of the Company or its affiliates and that either: (1) you are a qualified institutional buyer (as defined in Rule 144A under the Securities Act) and any purchase of securities discussed in the presentation will be for your own account or for the account of another qualified institutional buyer, and you are aware that the offering is being conducted in reliance on Rule 144A; or (2) you are not a U.S. person (as defined in Regulation S under the Securities Act) or any purchase of securities discussed in this presentation will be for the account or benefit of a U.S. person and will be made in an offshore transaction in accordance with Regulation S . This presentation is made to and directed only at (i) persons outside the United Kingdom or (ii) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services & Markets Act 2000 (Financial Promotions) Order 2001 (the "Order") or (iii) high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons").

This presentation and its contents are confidential and must not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person, whether or not they are a Relevant Person. If you have received this presentation and you are not a Relevant Person you must return it immediately.  This presentation includes 'forward-looking statements'. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding WPP Group's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to WPP Group's products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of WPP Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding WPP Group’s present and future business strategies and the environment in which WPP Group will operate in the future. These forward-looking statements speak only as at the date of this presentation. WPP Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in WPP Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.   BNP Paribas, HSBC and The Royal Bank of Scotland plc (the "Offering Managers") are acting for the Company in connection with the contents of this presentation and no-one else and will not be responsible to anyone other than the Company for providing the protections offered to clients nor for providing advice in relation to any of the contents of this presentation. Recipients are recommended to seek their own legal, financial, tax and other advice and should rely solely on their own judgment, review and analysis of this presentation.Stabilisation/FSA

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Investment Highlights

• WPP is the second largest advertising and marketing services company in the world with operating revenues of £5.9bn and billings of £30.1bn in 2006

• Over 97,000 people (including associates) in over 2,000 offices in 106 countries worldwide

• Over 300 of the Fortune 500 and over 50% of the NASDAQ 100 are clients, more than 230 clients were serviced in four or more service disciplines

• Strong and stable financial profile and strong cash conversion of profits • Experienced long-standing management• Quoted in London and on NASDAQ with market cap of c£9.4bn• Member of Forbes A-List (world's best big 400 companies), FTSE100, Euro

FT300, Global FT500, Forbes International 500, Business Week 1000 • Committed to maintaining current investment grade ratings

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Business Overview

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Key Business Sectors

• Creation of communications strategy and development of marketing and branding campaigns

• Advertisement production and design• Media planning and buying

Advertising and Media Investment Management

Information, Insight and Consultancy

Public Relations and Public Affairs

Branding & Identity, Healthcare and Specialist Communications

• Interactive and Direct marketing• Healthcare marketing• Providing identity and design services • Other specialist services such as

ethnic, youth and sports marketing

• Consumer, advertising, media and policy research

• Tracking and evaluation of advertising and promotions

• New product development and testing • International market studies management

• Providing advice and services with respect to corporate, financial and marketing communications

• Government lobbying• Crisis management and public affairs

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• Key brands:– Ogilvy & Mather– JWT– Y&R Advertising– Grey Worldwide– GroupM– redcell/United

• Key brands:– Burson - Marsteller– Hill & Knowlton– Ogilvy Public Relations– Cohn & Wolfe– GCI

Advertising and Media Investment Management

Information, Insight, and Consultancy

Public Relations and Public Affairs

Branding & Identity, Healthcare and Specialist Communications

Key Business Sectors

• Key brands:– OgilvyOne– Wunderman– G2– rmg connect– Enterprise IG– Landor

• Key brands:– Millward Brown– Research International– Lightspeed

– Fitch– CommonHealth– Sudler & Hennessey– Grey Healthcare– Ogilvy Healthworld

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Blue Chip Client Base

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Blue Chip Client Base

ClientLength of

Relationship

Advertising and MediaInvestment

ManagementInformation

& Consultancy

PublicRelations &

Public Affairs

Branding,Identity &Specialist

Communications

Unilever 103 years Nestlé 80 years

Altria 80 years

Ford Motor Company 57 years

Procter & Gamble 50 years BAT 43 years

Astra Zeneca 41 years

Pfizer 38 years

Amex 38 years Danone 32 years

GSK 30 years

Colgate-Palmolive 22 years

IBM 12 years Nokia 11 years

British Petroleum 6 years

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2006 OverviewBy Discipline

WPP

Advertising, Media

Investment Management

Information, Insight and

Consultancy

Public Relations and Public

Affairs

Branding & Identity Healthcare &

Specialist Communications

Revenue (£m) 5,908 2,807 893 596 1,612

Revenue % 100% 48% 15% 10% 27%

Headline PBIT 1

(£m) 859 444 99 90 227

Margin % 14.5% 15.8% 11.1% 15.0% 14.1%

¹¹ Headline PBIT/ margin: profit before finance income/ costs, taxation, goodwill and intangibles charges, investment gains, and share of exceptional gains of associates

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2006 OverviewBy Geography

1 Operating profit includes income from associates but excludes goodwill and impairment

WPP North America

UK Continental Europe

Asia Pacific, Latin America, Africa &

Middle East

Revenue (£m) 5,908 2,291 856 1,533 1,228

Revenue % 100% 39% 14% 26% 21%

Headline PBIT 1

(£m) 859 389 98 194 178

Margin % 14.5% 17.0% 11.4% 12.7% 14.5%

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Revenue and Organic Growth

WPP has shown strong growth

0

1,000

2,000

3,000

4,000

5,000

6,000

1998 1999 2000 2001 2002 2003 2004 2005 2006

Re

ve

nu

e £

m

Organic Growth +8% +8% +15% -3% -5.9% +.7% +4% +5.5% +5.4%

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1. Headline PBIT excludes finance income/ costs, taxation, goodwill and intangibles charges, investment gains, and share of exceptional gains of associates. For 2004 onwards, Headline PBIT has been prepared under IFRS. 2003 and prior periods are in accordance with previous UK GAAP.

WPP has shown strong growth

859755

560534468

561

433

14.5%14.0%

13.0%

14.0%14.5%

12.0%13.0%

14.1%

0

100

200

300

400

500

600

700

800

900

1000

2000 2001 2002 2003 2004 2005 20060%

4%

8%

12%

16%

20%

PBIT Margin - Full Year IFRS Margin - Full Year 2004 UK GAAP

PBIT1 £’m PBIT1 margin %Long-term IFRS target 19%Long-term IFRS target 19%

Objectives:

2009 16.0%

2008 15.5%

2007 15.0%

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WPP Strategic Objectives

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• Globalisation /Americanisation /BRICs

• The pace of technological change

• Overcapacity, shortage of human capital

• The Web

• Retail concentration

Key Priorities, Objectives and StrategyLong-Term Factors

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• Faster growing markets to be one third of total group

• Marketing services to be two thirds of total group

• Quantitative disciplines to be one half of total group

Key Priorities, Objectives and Strategy

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26%

34%

40%

Today Including Associates¹ Tomorrow

34%

33%

33%40%

39%21%

Today¹

Key Priorities, Objectives and StrategyFaster Growing Markets To Be One Third of Total Group

¹ Based on full year 2006 revenue² Asia Pacific, Latin America, Africa & Middle East

EuropeN. America ROW ²

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Key Priorities, Objectives and Strategy Revenue by Geography

N. America

%

Europe

%

ROW 7

$’bn

ROW 7

%

Total Revenue

$’bn

WPP 1,3 39% 40% 2.3 21% 10.9

Omnicom 1,5 56% 35% 1.0 9% 11.4

Havas 4 37% 54% 0.2 9% 1.8

Publicis 1,4 42% 40% 1.0 18% 5.5

IPG 2,6 59% 25% 1.0 16% 6.2

1 Company reports for 20062 IPG revenue is analyst estimate3 WPP sterling revenues converted @ $1.84= £1 based on the average for 20064 Havas and Publicis assumes $1=€0.796 based on the average for 2006.5 Omnicom assumes “non Euro currency” Europe, ie Switzerland, Turkey, Norway, Denmark, Sweden and

Eastern Europe are ca 4.5% of revenue and Canada is 1.5% of revenue.6 IPG assumes Canada is ca 1.5% of revenue7 Rest of World: Asia Pacific, Latin America, Africa & Middle East

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Tomorrow

Marketing ServicesAdvertising & Media Investment Management

Key Priorities, Objectives and Strategy Marketing Services To Be Two Thirds of Total Group

52%

48%

Today including associates¹

48%52%

67%

33%

Today¹

¹ Based on full year 2006 revenue

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Source: 1 2006 Company Presentations 2 IPG revenue based on analysts estimates

Advertising & Media Marketing Services

$’bn % Revenue $’bn % Revenue

WPP 5.2 48% 5.7 52%

OMC1 4.9 43% 6.5 57%

Havas1 1.0 56% 0.8 44%

Publicis1 3.6 66% 1.9 34%

IPG1,2 3.8 62% 2.4 38%

Key Priorities, Objectives and Strategy Revenue by Discipline

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Tomorrow

Advertising, Media Investment Management & Other Marketing Services

Information, Insight & Consultancy and Direct, Internet & Interactive

Key Priorities, Objectives and StrategyQuantitative Disciplines To Be One Half of Total Group

Today including associatesToday

50%

50%

66%

34%

67%

33%

¹ Based on full year 2006 revenue

¹¹ ¹¹

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Financial Review

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Current Financial Highlights

• Strong financial results for year ending 2006 with reported revenue up 10% and headline1 profit before tax up 14.5% from 2005

• 2006 was strong, to some extent reflecting the positive impact of events such as the winter Olympics in Turin, the FIFA World Cup in Germany and the mid-term congressionals in the United States

• 2006 marked continued client focus on top-line growth, as corporate profitability, margins and liquidity continued to improve significantly. Corporate profitability remains at historically high levels on both sides of the Atlantic. This resulted in continued high levels of new business activity

• Operating profit improved due to cost strategy to increase variable staff costs as a proportion of total staff costs, thereby hedging against any unexpected downturns in revenue

• Capital expenditure is mainly on information technology and property and is expected to remain approximately equal to the depreciation charge in the long term

• In 2006, the Group continued to make small to medium-sized acquisitions and/or investments in high growth geographical or functional areas

1 Figures before goodwill and intangibles charges, fixed asset gains and writedowns and revaluation of financial instruments

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Results for 2006 Financial Highlights - Unaudited Year to 31 December

2006

£m

2005

£m

Change

%

Constant Currency

%

Billings 30,141 26,674 13.0

Revenue 5,908 5,374 9.9 10.9

Operating profit 742 653 13.6 15.5

PBIT 783 687 14.0 15.9

Profit before tax 682 592 15.2 17.6

Headline1 operating profit 822 721 14.0 15.8

Headline operating margin 14.5% 14.0% +0.52

Headline PBIT 859 755 13.8 15.7

Headline EBITDA 1,002 877 14.2 16.0

Net Interest3 (75) (66) (14%)

Interest cover on headline PBIT4 11.4x 11.4x

1 Figures before goodwill and intangibles charges, investment gains, share of exceptional gains of associates, and revaluation of financial instruments2 Margin points 3 Net interest on debt 4 Headline PBIT: profit before finance income/ costs, taxation, goodwill and intangibles charges, investment gains, and share of exceptional gains of associates

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Results for 2006Cash Flow

Year to 31 December

2006 £m

2005 £m

Operating profit (pre-goodwill & intangible charges) 822 721

Non-cash compensation 71 69

Depreciation & amortisation charges 143 122

Net interest paid & similar charges (58) (60)

Tax paid (162) (136)

Net cash generation 816 716

Capital expenditure (185) (171)

Acquisition payments (216) (508)

Share repurchases (258) (152)

Other 85 20

Net cash inflow/ (outflow) before dividend 242 (95)

Dividend (119) (100)

Net cash inflow/ (outflow) before NWC changes 123 (195)

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Non-current assets 7,732 8,197

Net trading working capital (892) (983)

Other net current liabilities (631) (825)

Non-current liabilities (1,476) (1,599)

Net assets 3,918 3,986

Net debt (815) (804)

Average net debt (1,214) (1,212)

Net debt/Headline EBITDA 0.8 0.9

Average net debt/Headline EBITDA 1.2 1.4

Balance Sheet

2006£m

2005£m

Year to 31 December

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Results for 2006Historic Average Debt/EBITDA

0

200

400

600

800

1,000

1,200

1,400

1,600

2000 2001 2002 2003 2004 2005 2006

1.0

1.5

2.0

2.5

3.0

average debt EBITDA average debt/EBITDA

Average debt/ EBITDA£ million

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Debt Maturities (£m)

0

100

200

300

400

500

600

700

800

900

2006 2007 2008 2009 2010 2011 2012 2013 2014 2033

$650m Yankee

$1,600m Bank Revolver

£450m Convertible

€650m Eurobond$100m Yankee

£ M

illio

ns

$150m Convertible

€600m Eurobond

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Committed to Maintaining Current Ratings

• Rating: Jul - 98 Baa2 (stable)

• Rating: Mar – 07 Baa2 (positive)

Moody’s S&P

“WPP's Baa2 long-term rating is based on the group's world-wide leadership in advertising, communications and marketing services […]. WPP's strategy has been consistent and well defined over a number of years. […] We would expect WPP to continue to perform in line with or above the industry average in terms of growth. ”

“The ratings […] reflect [WPP’s] leading positions in advertising, market research, and public relations services, combined with broad geographical, functional, and client diversification. The ratings are further supported by the group's moderate financial policy, sustainable profitability, and the cash-generative nature of the professional services business.”

• Rating: Jun - 98 BBB+ (stable)

• Rating: Mar - 07 BBB+ (positive)

15 March 2007

13 November 2006

“Moody's […] changed the outlook for WPP […] to positive […due to] strong operating performance in 2006, a further incremental improvement in the flexibility of the company's cost base and stronger debt protection measurements […] Moody's expect[s] that WPP will remain on a positive operating trajectory with continued visible organic growth and commensurate profit development.”

8 November 2006

“Standard & Poor's […] revised its outlook on [...] WPP […] to positive from stable, reflecting progressive improvement in profitability and debt protection metrics. Subject to continuity in the group's financial policy, current operating performance trends could lead to a one-notch rating upgrade in the medium term.” 13 March 2007

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