Hargreaves Serv Regulatory News (HSP)

HARGREAVES SERVICES PLC

(the "Group" or "Hargreaves")

Maltby Colliery Redundancy Consultation Process

Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, announces that it will today issue the employees at Maltby Colliery with notification of potential redundancies.

This follows the Group's preliminary results statement, issued on 25th September 2012, in which the intention to review and consider the future of Maltby Colliery was highlighted. The Company will shortly begin consultation regarding potential redundancies. This consultation process will last for a minimum of 90 days. Initiating this process is considered to be prudent business practice and does not indicate that a decision on the future of Maltby has been taken. The relevant Government department is being notified.

The Board of Hargreaves still expects to receive reports later in October that will advise on the geological, financial and health and safety risks associated with the T125 panel at the mine. The decision by the Board on the future of the colliery will be based on the conclusions of these reports.

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