CSLT.L Regulatory News (CSLT)

Cosalt plc

("Cosalt" or the "Company")

FUNDING UPDATE

The Board of Cosalt has agreed with Oval (a company wholly owned by David Ross) the extension of the repayment date of certain credit facilities totalling £6 million previously advanced by Oval to the Company. The facilities will now be due for repayment on 31 December 2012, being the date to which the Cosalt Group's Bank facilities presently extend.

As announced on 31 May 2012, the Company is continuing discussions with its lenders and the Group's pension trustees to secure a longer term financing solution

Enquiries: 

Cardew Group Tel: +44 (0) 207 930 0777

Tim Robertson