TIDMACR

RNS Number : 0669X

Abbeycrest PLC

08 February 2012

Abbeycrest plc

("Abbeycrest" or "the Group")

Update on appointment of Administrators and sale of assets

Following the previously notified appointment of John Malcolm Titley and Andrew Poxon of Leonard Curtis as Joint Administrators to Abbeycrest, the board understands that the Joint Administrators have sold the business and business assets of Brown & Newirth Limited to Chrysus Trading Limited and sold the shares of Abbeycrest Thailand Limited to Chrysus Holdco Limited.

At this stage, it is not anticipated that there will be a return to shareholders, however shareholders will be kept informed as appropriate.

For further information, please contact:

 
 Abbeycrest plc                     Tel: 01707 255 000 
 Simon Ashton, Executive Chairman   http://www.abbeycrest.co.uk 
 Leonard Curtis                     Tel: 0161 767 1250 
 John Malcolm Titley / Andrew       1 North Parade 
  Poxon                              Parsonage Gardens 
                                     Manchester 
                                     M3 2NH

This information is provided by RNS

The company news service from the London Stock Exchange

END

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