Court sanction of Schemes of Arrangement (9902B)

TIDMCTT

RNS Number : 9902B

Cattles PLC

28 February 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

For Immediate Release

28 February 2011

CATTLES PLC

Court sanction of Schemes of Arrangement

Cattles plc ("Cattles") is pleased to announce that the High Court of Justice of England and Wales (the "Court") has today sanctioned the scheme of arrangement to effect the recommended proposal for the acquisition of Cattles by Bovess Limited.

Cattles is also pleased to announce that the Court has today sanctioned the schemes of arrangement between each of Cattles, Welcome Financial Services Limited and Ewbanks Mail Order Limited and certain of their respective creditors.

All of the above schemes of arrangement are expected to become effective shortly, subject to the satisfaction of certain conditions.

A further announcement will be made in due course.

In accordance with Rule 19.11 of the City Code on Takeovers and Mergers, a copy of this announcement will be published on Cattles' website at www.cattles.co.uk.

Terms and expressions in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Scheme Document sent to Cattles Shareholders dated 20 December 2010.

Enquiries

Cattles

Margaret Young, Executive Chairman 020 7269 7252

Financial Dynamics

Paul Marriott 020 7269 7252

This information is provided by RNS

The company news service from the London Stock Exchange

END

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