Hargreaves Serv Regulatory News (HSP)

Hargreaves Services plc

("Hargreaves" or the "Company")

Update on UK Coal

Following the initial announcement on 10 April 2014, Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, provides the following update regarding its potential involvement in the proposed UK Coal managed wind down and closure plan.

It is with regret that Hargreaves announces today that, despite the efforts of the stakeholders, it has not been possible to secure a plan that it is able to support. In these circumstances the Company is no longer able to provide loan finance and has now withdrawn from the process.

Gordon Banham, CEO of Hargreaves, said: "It is with great regret that this announcement is made today; however we would like to recognise the help and efforts of the Government, unions and other stakeholders, including Harworth Estates, in trying to develop a plan that we could support."

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