Corporate Update

Jelf Group plc

("Jelf" or "the Group")

Corporate Update

The Group is pleased to announce that it has entered into new senior debt facilities of £24 million with a five year term. This new facility provided by a small group of lenders replaces the existing facility in full. The repayments are matched to the projected cash flows of the business. The Group continues to enjoy a positive start to the year and has agreed to reduce its net debt through operational cash flow and by other means as soon as practicable.

ENQUIRIES