Placing

    RNS Number : 2495C
  Amberley Group PLC
  29 August 2008
   

    Amberley Group Plc ("Amberley" or the "Company")
    Placing to raise £200,000

    Amberley today announces that it has agreed to place 4,000,000 new ordinary shares of 2.5p each in the Company ("Placing Shares") at a
placing price of 5p per share (the "Placing") to raise £200,000 before expenses. The proceeds from the Placing will be used to repay
existing indebtedness and finance working capital.

    The Placing Shares will be subscribed for by entities owned or controlled by Guy Naggar, Chairman of Amberley, Peter Klimt (business
partner to Guy Naggar), Robert Goldsmith and Barry Pincus, both non-executive directors of Amberley, and certain existing shareholders of
the Company. Disclosable interests are as set out below. The Placing is conditional, inter alia, on admission of the Placing Shares to
trading on AIM. 

                                                 Shareholding      Percentage of enlarged
                         Placing Shares           immediately        issued share capital
                             Subscribed   following Admission
 Director

 Guy Naggar *                 3,240,000            40,859,384                        62.8
 Barry Pincus                    80,000               717,759                         1.1
 Robert Goldsmith                80,000               567,759                         0.9
    * together with the interests of Mr Klimt

    The Placing Shares will represent 6.1 per cent. of the then enlarged issued share capital of the Company. The number of ordinary shares
of 2.5p each ("Ordinary Shares") in issue following the Placing, and the total number of voting rights, will be 65,067,494. The Placing
Shares will rank pari passu with existing Ordinary Shares. Application has been made for admission of the Placing Shares to trading on AIM,
and is expected to take place on 2 September 2008.

    The participation of the Directors in the Placing is deemed to be a related party transaction under the AIM Rules. Accordingly, Alan
Sime, Amberley's independent director, considers, having consulted with Strand Partners Limited, the Company's nominated adviser, that the
terms of the Placing are fair and reasonable insofar as the Company's shareholders are concerned. In providing its advice to the independent
director, Strand Partners has taken into account the commercial assessment of the independent director in respect of the Placing.


 Enquiries:
 Amberley Group Plc
 Robert Goldsmith
 Tel: [phone]

 Strand Partners Limited
 Simon Raggett / Angela
 Peace
 Tel : [phone]



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