Statement re Press Speculation

25 May 2006 10:21

For immediate release: 25th May 2006 First Artist Corporation PLC (AIM:FAN) Re: press speculation First Artist Corporation plc notes the recent press speculation and confirmsthat, in line with its acquisition strategy, it is currently in various stagesof discussions with a range of potential acquisition and joint venture targetsacross all sectors of the Group's activities. Further announcements will bemade in due course.The Company also confirms that it is experiencing positive trading across allof its divisions and a trading update on the first six months of the year willbe announced in due course.For further information:First Artist Corporation plc Tel. + 44 (0) 20 8900 1818Jon Smith, Chief ExecutiveRichard Hughes, Finance DirectorArbuthnot Securities Limited Tel:+ 44 (0) 20 7012 2000Tom Griffithsgth media relationsToby Hall/Jade Mamarbachi Tel: + 44 (0) 20 7153 8039 / 8035ENDFIRST ARTIST CORPORATION PLC