Statement re Media Speculation and Banking Update

25 May 2009 16:43

Newcourt Group plc

Ticker: NEW.I

Media Speculation and Banking Update

In light of recent media speculation, Newcourt announces that it has received an approach from Adrian McGennis, Managing Director of Sigmar Group, with an indication that he would like to explore the possibility of making an offer for some or all of the Sigmar businesses. No discussions have yet taken place in relation to the possible terms of any such offer, nor has any formal proposal been received. A further announcement will be made at the appropriate time. Mr McGennis has today resigned from the Newcourt board.

Newcourt also confirms that the discussions with its principal bankers in relation to its current indebtedness are ongoing. The bank has now formally indicated that it considers Newcourt to be in breach of certain of its banking covenants and the board of Newcourt is addressing this as a matter of urgency. A further announcement will be made when appropriate.

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