Kellan Group Regulatory News (KLN)

AIM: KLN

29 June 2012

The Kellan Group PLC

("Kellan", the "Company" or "Group")

Statement re: Suspension

Kellan announces that the Company is currently at an advanced stage of negotiations regarding an equity fundraising and debt refinancing. Under the AIM Rules, the Company is required to publish its accounts for the year ended 31 December 2011 by 30 June 2012. The Directors consider that it is in the Company's best interests to complete the equity fundraising and debt refinancing prior to signing its accounts for the year ended 31 December 2011. Accordingly, as the Company will be unable to publish its audited accounts for the year ended 31 December 2011 in accordance with the AIM Rules, the Company's ordinary shares have been suspended from trading on AIM with immediate effect, pending the publication of the audited accounts for the year ended 31 December 2011.

A further statement will be made in due course.

ENQUIRIES:

NOTES:

Kellan is a market leading recruitment business operating across a wide range of functional disciplines and industry sectors.

Kellan operates through a portfolio of premium brands within the currently fragmented recruitment sector. Currently, through its three recruitment brands, Berkeley Scott, Quantica and RK, Kellan has the capability and resource to recruit professionals into finance & accounting, information technology, supply chain & procurement, legal, retail, manufacturing, catering, hospitality and leisure.

Kellan currently operates through 16 UK offices, seven businesses and three brands

http://www.kellangroup.co.uk/