Frp Advisory Group Regulatory News (FRP)

24 May 2010

Fairpoint Group plc ("Fairpoint" or the "Company")

Trading Update

In advance of the Company's Annual General Meeting held today at 1pm at Fairclough House, Adlington, Lancashire, the Company is please to update the market on current trading.

The debt solutions market and in particular the market for Individual Voluntary Arrangements ("IVAs") remains strong with first quarter volumes ahead of the same period in 2009. Trading for Fairpoint during this period has been in line with expectations. The current UK economic situation has led to increasing numbers of individuals facing debt stress and tightening public expenditures are expected to maintain that pressure.

Enquiries:

Fairpoint Group Plc 0845 296 0137

Chris Moat, Chief Executive Officer 084 5296 0183 Andy Heath, Finance Director 084 5296 0200

Shore Capital (Nomad and Joint Broker)

Pascal Keane 020 7408 4090

Edward Mansfield 020 7408 4090

Oriel Securities (Joint Broker)

Tom Durie 020 7710 7600

Emma Griffin

Financial Dynamics  

Nick Henderson 020 7269 7114

Laura Pope 020 7269 7243