Court Sanctioning Scheme of Arrangement

28 September 2011

AssetCo plc

("AssetCo" or the "Company")

Sanctioning of the Scheme of Arrangement by the Court

The Scheme of Arrangement ("the Scheme") was today sanctioned by the Court and the Scheme is expected to become effective on 29 September 2011.

Copies of the Scheme of Arrangement and Circular are available on the Company website at www.assetco.com.

Enquiries:

AssetCo plc

Tudor Davies: +44 (0) 207 614 5917

Arden Partners plc

Richard Day: +44 (0) 207 614 5917

Adrian Trimmings

Chris Thomas

Espirito Santo Investment Bank

John Llewellyn-Lloyd: +44 (0) 20 3429 1426

John Riddell

Citigate Dewe Rogerson

Fiona Tooley: Office: +44 (0) 121 362 4035

Mobile: +44 (0) 7785 703 523