CSLT.L Regulatory News (CSLT)

Cosalt plc

("Cosalt" or "the Group")

OFT Decision

The Board of Cosalt confirms that the OFT has today approved the sale of the Marine Business to Survitec. The sale is expected to complete by 2 September 2011. The Board also confirms that the Group's senior lenders have agreed to extend the waiver relating to the repayment of amounts due under the Existing Facilities and the right to test financial covenants from 19 August 2011 until 5 September 2011.

Enquiries:

Note

Unless otherwise indicated, terms used in this announcement have the same meanings as defined in the circular to shareholders dated 2 June 2011. A copy of the circular is available from the Company's website at http://www.cosalt.com/_assets/pdfs/investors/circular%20-%20final.020611.pdf.