TIDMPNX 
 
ABERFORTH PARTNERS LLP 
 
Disclosure under Rule 2.11(d)(i) of The City Code on Takeovers and Mergers 
 
Aberforth Partners LLP ("Aberforth") provided a non-binding letter of intent to 
Daisy Intermediate Holdings Limited on 26 May 2015 regarding the proposed 
acquisition of Phoenix IT Group plc, as referred to in the announcement of a 
possible recommended cash offer on 21 May 2015. 
 
In accordance with Rule 2.11(d)(i) of The City Code on Takeovers and Mergers, 
Aberforth announces that it no longer intends to comply with this letter of 
intent following the disposal of 12,942,374 shares (over which it had voting 
authority) in Phoenix IT Group plc, on behalf of clients. 
 
Aberforth Partners LLP 
 
7 July 2015 
 
 
 
END
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