HVX Huveaux

RNS Number:8145J
Huveaux PLC
13 December 2007


                                                           For immediate release

                                  Huveaux PLC
                          ("Huveaux" or the "Company")

                             Offer talks terminated


Huveaux announced on 22 October 2007 that it had received preliminary approaches
from a number of private equity houses and subsequently confirmed on 12 November
2007 that the Company was in detailed discussions with August Equity LLP
("August Equity") as regards a possible offer for the Company.

However, following detailed discussions, it has not been possible to reach
agreement on a proposal which fully values the Company. Therefore, offer related
discussions have now been terminated with all parties.

Trading across the Group has been satisfactory in the key final quarter of the
year. The Board confirms that it expects trading EBITDA for the current
financial year to be approximately �6.0 million.

In its Interim Results announced on 26 July 2007, the Board noted that it had
initiated an operational and profit improvement programme and highlighted cost
reduction initiatives across the Company. As a result of these measures, the
Board has successfully completed �1.3 million of annualised cost savings which
will be realised in 2008 through headcount reduction across the operations and
at HQ. The Board estimate that restructuring costs relating to the realisation
of these savings will be �0.6 million and the aborted transaction costs will be
�0.5 million. Both these costs will be treated as non-trading items in 2007.

The Board will review the optimal structure of the Group and continue to pursue
opportunities to enhance shareholder value.


Contacts:

Huveaux PLC                                                 020 7245 0270
John van Kuffeler, Chairman
Kevin Hand, Deputy Chairman
Gerry Murray, Chief Executive Officer

Dresdner Kleinwort                                          020 7623 8000
Charlie Batten


Dresdner Kleinwort Limited:

Dresdner Kleinwort Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Huveaux PLC and for no-one else in connection
with the contents of this announcement and will not be responsible to anyone
other than Huveaux PLC for providing the protections afforded to customers of
Dresdner Kleinwort Limited, or for affording advice in relation to the contents
of this document or any matters referred to herein.

END



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