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30-Sep-2011: Purchase of shares during close period

The Company announces that it will commence on 1 October 2011 an irrevocable, non-discretionary programme with its broker Numis Securities to purchase shares to be held in treasury up to a maximum value, in aggregate of £3m. The buy-back program shall operate for the duration of the Company's close period which commences on 1 October 2011 and ends once the Company has released its half-year results on Friday 25 November 2011.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company’s general authority to repurchase shares and Chapter 12 of the Listing Rules which require that the maximum price paid be limited to be no more than 105 per cent of the average middle market closing price of the Company's ordinary shares for the five dealing days preceding the date of purchase. The Group does not intend to limit purchases by reference to the average daily trading volumes in the Group's shares with any purchases being funded out of the Group's cash balances and available debt facilities.

The Company confirms that it currently has no unpublished price sensitive information.

Enquiries

Louise Miller

Assistant Company Secretary

30 September 2011

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