BRENTFORD, U.K. -- Vanco plc has today requested that the UK Listing Authority suspend trading in its securities pending clarification of its financial position.

A further balance sheet review is being undertaken and further provisions against the carrying value of certain assets are expected. The profitability of the business for the year ended 31 January 2008 is also being reviewed and may be the subject of revision. The Company is therefore unable to update the market accurately on its historic financial results and inform the markets accordingly.

In view of the above it is unlikely that the Company will be able to publish its audited results for the year ended 31 January 2008 by 30 May 2008 as is required by the Disclosure and Transparency Rules. A further announcement will be made in this regard in due course.

On 1 April 2008 it was announced that the Company had agreed an extension to the Company’s revolving credit facility (“RCF”) with its syndicate of banks in the sum of £23.3m, taking the total available under the facility to £123.3m. The Company has limited headroom under the RCF and other facilities. The Company is in active discussions with its banking syndicate in respect of its financial position.

The Board of Directors is discussing the Company’s financial and strategic options with its advisers and bankers.

Directorate change

Allen Timpany, Chief Executive Officer and founder of the business, has resigned with immediate effect.

Andrew Coppel, the former Chief Executive of Jockey Club Racecourses and Queens Moat Houses plc, has joined the Company as Chief Restructuring Officer.

Vanco plc