INC.L Regulatory News (INC)

5 May 2011

INSETCO PLC

("Insetco" or the "Company")

Update on issuance programme and financing

Senior Life Settlement Issuance Programme

As noted in the Company's preliminary results announcement made on 26 April 2011, the acquisition of Saolpoll (Jersey) Limited and related business assets in February, has brought additional management expertise to the Company in the arranging and structuring of securitised products based on senior life settlement policies. The Company has progressed with the structuring of financial products for the Life Settlements market, moving towards the distribution of its first securitised product, the Senior Life Settlements issuance programme (the "SLS Issuance Programme") which the Company anticipates will be completed during the first half of the current financial year.

Insetco has commissioned an independent report from an internationally recognised professional services firm, which has now been completed and which confirms and validates the securitisation process for the SLS Issuance Programme. The Company is now undertaking selection of an appropriate bond issuer through whom the SLS Issuance Programme will be executed.

Financing Update

As stated in the Company's admission document, issued on 10 February 2011, the directors anticipate that the SLS Issuance Programme will generate the Company's first significant revenues following the re-admission to AIM. As stated above the Company still anticipates that the programme will be completed before 30 June 2011. However, as stated in the admission document, in the event that these revenues were not generated by 1 May 2011 the Company has in place further financing arrangements that it can call upon as required.

The directors remain confident that the income from the SLS Issuance Programme will ensure that the Company has sufficient cash resources to meet its ongoing working capital requirements. Nevertheless should the anticipated income from the SLS Issuance Programme be delayed, in accordance with the irrevocable undertakings given by the Directors and Investa AG as set out in the Admission Document, the Company is preparing the issue of a further Convertible Loan Note (the "CLN"), to raise up to £200,000. Details of the CLN will be announced if and when the Board decide to proceed with the issue.

Enquiries:

Insetco plc

Clive Cooke 020 7887 7841

Charles Stanley Securities

Nominated Adviser

Russell Cook / Darren Vickers 020 7149 6000