Court Case Update

AVESCO GROUP plc

Court case update

Avesco Group plc ("Avesco" or the "Group"), the international provider of services to the corporate presentation, entertainment and broadcast markets, announces an update regarding the Group's economic interest in the outcome of existing litigation brought by Celador International Ltd against The Walt Disney Company and others ("Disney").

The Group announced on 4 December 2012 that the United States Ninth Circuit Court of Appeals had issued a ruling denying Disney's appeal against the judgment and award made in the original jury trial. On 31 December 2012, Disney filed a petition to seek leave for a rehearing en banc with the Ninth Circuit. The filing of the petition is the next stage in the appeal process and stays the enforcement of the judgment until the appeal process is complete.

If paid in full, the Group's interest in the award, after costs but including pre-judgement interest, is estimated at approximately $60m. The Company will provide further updates, as appropriate, in due course.

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