Cancellation of Admission

 17 May 2011

CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM

Cavanagh Group plc (the "Company" or "Cavanagh")

Further to the announcement released on 16 May 2011 regarding the wholly unconditional offer for ordinary shares of 1p each in the Company ('Ordinary Shares') by Close Asset Management Holdings Limited ("CAMHL"), a subsidiary of Close Brothers Group plc ("Close Brothers"), the Company notifies shareholders that, at the request of Close Brothers, an application to the London Stock Exchange has been made to cancel its trading facility on AIM with effect from 8:00am on 17 June 2011.

The delisting and cancellation of trading of Cavanagh Shares will significantly reduce the liquidity and marketability of any Cavanagh Shares not acquired by CAMHL.

Brewin Dolphin (nominated adviser and financial adviser to Cavanagh)