PBH Prestbury Hds

RNS Number:0915S
Prestbury Holdings PLC
01 March 2007

For Immediate Release

Not for release, publication or distribution in whole or in part, in or into the
United States, Canada, Australia, Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of such jurisdiction.

1 March 2007

Prestbury Holdings plc ('Prestbury' or the 'Company')

Prestbury today released its preliminary results for the year ended 31 October
2006 in which the Chairman made the following statement:

"The mortgage and insurance distribution market needs to consolidate; and whilst
Prestbury is an active consolidator, we have received a number of approaches.
We are currently considering a number of strategic options, one of which may or
may not lead to the sale of the business."

A further announcement will be made when appropriate.


- Ends -


The Directors of Prestbury accept responsibility for the information contained
in this announcement. To the best of the knowledge and belief of the Directors
of Prestbury who have taken all reasonable care to ensure that this is the case,
such information is in accordance with the facts and does not omit anything
likely to affect the import of such information. This announcement does not
constitute an offer or invitation to purchase or subscribe for any securities.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1 per cent. or more of any  class of 'relevant securities' of Prestbury, all
'dealings' in any 'relevant securities' of that company (including by means of
an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction.

This requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Prestbury, they will be deemed
to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Prestbury by Prestbury and by any of its respective 'associates',
must be disclosed by no later than 12.00 noon (London time) on the London
business day following the date of the relevant transaction. A disclosure table,
giving details of the companies in  whose 'relevant securities''dealings' should
be disclosed, and the number of such securities in issue, can be found on the
Takeover Panel's website at www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or long derivative referenced to, securities. Terms in quotation
marks are defined in the Code, which can also be found on the Panel's website.

If you are in any doubt as to whether or not you are required to disclose a
'dealing' under Rule 8, you should consult the Panel.'

Rule 2.10 Requirement

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers,
Prestbury confirms that it currently has in issue 30,347,778 ordinary shares of
5p each.

The International Securities Identification Number for the ordinary shares is
GB0032097965.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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