Result of EGM

RNS Number:0759O
Carter & Carter Group PLC
15 February 2008


Immediate Release                                               15 February 2008
                                                                          


                           Carter & Carter Group plc
                      ("Carter & Carter" or the "Company")

               Result of Extraordinary General Meeting and Update

Result of Extraordinary General Meeting

Carter & Carter is pleased to announce that at its extraordinary general meeting
("EGM") held earlier today, the resolution to waive the borrowing restriction
contained in regulation 90.1 of the Company's articles of association set out in
the EGM notice included within the circular sent to shareholders was duly
passed.

Update on current position

As a result of the previously announced weaknesses identified in controls and
supporting documentation, the Board instructed Herbert Smith LLP and DLA Piper
UK LLP to undertake investigations into the Group's operations. These
investigations remain ongoing at this time. The finalisation of the accounts for
the year ended 31 July 2007 remains outstanding as the audit of those results
cannot be concluded until the investigations have been completed.

As previously announced, the Company disclosed its preliminary findings to the
Learning and Skills Council ("LSC") and to the regulatory authorities. Since
that time, the Board has worked closely and openly with the LSC to identify the
full extent of the issues in supporting documentation and in determining an
accurate position. The LSC has conducted its own independent audit of the
Group's learner records and funding claims for the year ended 31 July 2007.

In order to strengthen the management function of the Group, as previously
announced, a strong and experienced interim management team was appointed to
assist with the restructuring of the Group, along with a number of additional
senior finance staff. The management team continues to make good progress with
the restructuring process.

The Board remains in active discussions with the Company's lenders. If these
negotiations are successful, the Board anticipates that the Company will
announce full details of a restructuring in early March 2008. At that time, a
further circular containing full details of the proposed restructuring will be
sent to the Company's shareholders in order to seek shareholder approval of such
restructuring.

ENQUIRIES:

All Out Media    0115 945 4528
Andy Oram        07825 805767



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