Disposal

28 Feb 2006 15:58

Milestone Group PLC28 February 2006 For Immediate Release 28 February 2006 MILESTONE GROUP PLC "Milestone" Disposal Further to the announcements of 1 February 2006 and 17 February 2006, Milestoneannounces completion of the disposal of its 52 per. cent controllingshareholding in Rugby Broadcasting Company Limited (trading as Rugby FM) to CNGroup Limited for a total cash consideration of £644,961.20. Chief Executive, Andy Craig, said: "Today sees Milestone complete the sale of its remaining non wholly-ownedinterests. As previously advised, the Board is now pursuing its stated strategyof maximising shareholder value from its wholly-owned assets." For further information: Milestone Tel: 01235 547 800Andy Craig / Daniel Cass Buchanan Communications Tel: 020 7466 5000Bobby Morse / Suzanne Brocks This information is provided by RNS The company news service from the London Stock Exchange