RNS Number:1703T
Carlisle Holdings Ltd
11 December 2003



                                                                   Press Release

Carlisle Holdings Limited



FOR IMMEDIATE RELEASE

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  CARLISLE HOLDINGS LIMITED ANNOUNCES AGREEMENT TO SELL ITS 52.46% INTEREST IN
                       BELIZE TELECOMMUNICATIONS LIMITED

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Belize City, Belize, December 11, 2003 -- Carlisle Holdings Limited (NASDAQ:
CLHL, London: CLH) announces that it has agreed to sell its 52.46% interest in
the issued share capital of Belize Telecommunications Limited for a price of
US$57 Million of which US$52 Million has been paid to the Company and the
remaining balance of US$5 Million is payable to the Company in no later than 60
days.


Belize Telecommunications Limited ("BTL"), a Belizean company, is the largest
full service licensed provider of telecommunications services in the country of
Belize. In the 12 months to September 2003, BTL earned net income of US$9.5
Million.


As of September 30, 2003, BTL had a total net asset value of US$94 Million, of
which the Company's 52.46% interest equates to US$49 Million.


A second full service telecommunications license holder commenced service in
Belize at the end of October 2003 and therefore competitor activity is expected
to increase.


In the first instance the Company will apply the sale proceeds to the reduction
of its debt and then expects over time to redeploy these receipts into its core
businesses in order to generate greater returns.




Background Information


Through its OneSource brand, Carlisle Group is a leader in the outsourced
facilities services sector in the US and provides janitorial, landscaping,
general repair and maintenance and other specialized services for more than
10,000 commercial, institutional and industrial accounts. In the UK and Ireland,
Carlisle Group is also a leading provider of business services. Carlisle
Facilities Services is a national provider for a broad range of people-dominated
facilities services (specializing in the industry sectors of Retail, Transport,
Public Sector and Distribution).


Carlisle Staffing Services continues to develop a significant position in the
staffing services sector with a presence in the markets for Professional
Services, Office and Industrial, Public Services and the developing Human
Resources Services market. This business has over 70 locations with a weekly
temporary/contractor base of circa 7,000 workers employed across more than 5,000
clients. The Company also has interests in Financial Services.




Forward Looking Statements


Certain statements in this press release constitute "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. In
particular, statements contained herein regarding the consummation and benefits
of future acquisitions, as well as expectations with respect to future revenues,
operating efficiencies, net income and business expansion, are subject to known
and unknown risks, uncertainties and contingencies, many of which are beyond the
control of Carlisle, which may cause actual results, performance or achievements
to differ materially from anticipated results, performance or achievements.


Factors that might affect such forward looking statements include among others,
overall economic and business conditions, the demand for Carlisle's services,
competitive factors, regulatory approvals and the uncertainty of consummation of
future acquisitions. Additional factors which may affect Carlisle's businesses
and performance are set forth in filings by Carlisle Holdings Limited with the
United States Securities and Exchange Commission.


For further information contact:

Carlisle Group                                            Makinson Cowell
+1-561-368-3899                                           +1-212-994-9044



Note: This and other press releases are available at the Company's web site:
http://www.carlisleholdings.com.



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