Xpertise Group PLC News

Conversion of Loan Stock

13 December 2007

Xpertise Group PLC  (’Xpertise’ or ‘the Company’) Issue of Equity
 
The Board of Xpertise announces that, in accordance with a Loan Note Instrument dated 30 June 2003, Singer & Friedlander Investment Management Limited (’Singer & Friedlander’) has notified the Company that it wishes to convert £200,000 of Subordinated Unsecured Convertible Loan Notes 2008 into new Ordinary Shares on the basis of the allotment and issue to Singer & Friedlander of one fully paid new Ordinary Share of 8p in the Company for every 60p of fully paid up Subordinated Unsecured Convertible Loan Note, such allotment and issue to be in full and final satisfaction and the cancellation of all principal monies in respect of the Loan Notes.
 
Accordingly, an application has been made for 333,333 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 30 November 2007.
 
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of 8p each in the Company. Following this allotment, the total issued share capital of the Company will increase to 5,633,949. All of these Ordinary Shares carry voting rights.