Stmnt re Share Price Movement

RNS Number:5302L
Chelford Group PLC
10 January 2008


FOR IMMEDIATE RELEASE


                  Chelford Group plc ("Chelford" or "Company")

      Statement regarding share price movement and Rule 2.10 announcement


The board of directors of Chelford ("the Board") notes the recent rise in the
share price of the Company.

The board confirms that it is in preliminary discussions which may or may not
lead to an offer being made for the entire issued share capital of the Company.
Discussions are at an early stage and there can be no certainty that an offer
will be made or as to the terms on which an offer might be made.

The Board, which is being advised by KPMG Corporate Finance, will make a further
announcement when appropriate.


Rule 2.10 disclosure

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that as at the close of business on 7 December 2007, the
Company had 7,141,323 ordinary shares of £1 each in issue.

The International Securities Identification Number (ISIN) for these shares is
GB00B02TW537.


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% or more of any class of 'relevant securities' of Chelford Group Plc 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 3.30pm (London time) on
the London business day following the date of the relevant transaction. This
requirement will continue until the date on which any 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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 Chelford Group Plc, 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 Chelford Group Plc by Chelford Group Plc, or by any of its
'associates', must be disclosed by no later than 12 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 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.


Enquiries:

Chelford Group Plc                             Tel: [phone]
Trevor Lewis

KPMG Corporate Finance                         Tel: [phone]
Susan Walker or Mark Farlow

PR adviser Bankside Consultants                Tel: [phone]
Steve Liebmann

KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated
by the Financial Services Authority for investment business activities, is
acting for the Company as financial adviser in relation to the possible offer
for the Company and is not acting for any other person in relation to such
possible offer for the Company. KPMG Corporate Finance will not be responsible
to anyone other than Company for providing the protections afforded to its
clients or for providing advice in relation to the contents of this document or
any possible offer for the Company or arrangement referred to herein.


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

SPMDGGMMDGNGRZM