Approaches for Certain of the Company's Assets

FLYING BRANDS LIMITED

Statement regarding expressions of interest in certain of the Company's assets

The Board of Flying Brands Limited ("Flying Brands" or the "Company") wishes to announce that the Company has had a number of approaches for certain of the Company's businesses which may or may not lead to offers for those businesses. At this stage the Company has not received any approaches for the entire group and there is no certainty that any offer for any of the Company's businesses will be forthcoming.

The Company's shareholders will be kept informed of any relevant developments and, in the meantime, should await further advice from their Board.

For further information, please contact:

Flying Brands Limited 01245 228 300

Stephen Cook, Chief Executive

Stuart Dootson, Group Finance Director

Smithfield Consultants 020 7360 4900

John Kiely

Notes to editors

Jersey based Flying Brands Limited (LSE: FBDU) is a multi brand and multi channel home shopping specialist. Founded in 1981, it was admitted to the Official List of the London Stock Exchange in 1993. The Group operates the following divisions:

·; Gifts (Flying Flowers, Flowers Direct and Drake Algar  making the company one of the UK's leading florists)

·; Garden (Gardening Direct, one of the UK's largest mail order bedding plants and gardening products operations; Garden Bird Supplies, a leading provider of food and accessories for birds and other wildlife; Garden Centre Online an internet retailer of garden hardware products)

·; Entertainment (Listen2, a mail order audio books, nostalgic music, DVD and video home shopping retailer)

More information can be found at: www.flyingbrands.com