Interim Management Statement

Charles Taylor plc

Interim Management Statement

Charles Taylor plc (LSE: CTR), a leading international provider of professional services to clients in the global insurance market, today announces its interim management statement covering the period from 31 August 2012 to 18 November 2012 ("the period").

Professional Services

Management Services - provides end to end management of mutual insurance companies.

The business is performing well and is ahead of the Company's expectations. The underlying performance of the mutual insurance companies we manage is also strong - providing a positive long term indicator for Management Services.

Adjusting Services - focuses on adjusting larger and more complex commercial losses.

At the interim results we reported that Adjusting Services delivered a lower first half result owing to an unusual and significant market-wide fall in the number of larger, more complex insured energy losses and that the full year result would be dependent on the incidence of insured events. The overall level of instructions remains sound; however the reduction in large and complex claims has impacted revenue. Costs are up on prior year, mainly due to investment in the business through new staff and offices to broaden and strengthen our capabilities. As a consequence, the business' performance is behind both the prior year and the Company's expectations.

Insurance Support Services - provides stand-alone professional and technical services.

The performance of the business is largely flat against last year.

Insurance Companies Run-off

The business is performing strongly and is in line with the Company's expectations. The transfer of the Alico business completed on 31 October 2012, which will allow cash in excess of the initial consideration to be released. In line with our strategy, we also entered into an agreement to acquire Global Life Assurance Limited.

Strategy

The Group is continuing to implement its strategy to identify and capture profitable growth in the Company's core professional services businesses by building on its strong fundamentals and is implementing its run-off strategy by acquiring offshore life insurers in run-off.

Commenting, David Marock, Group Chief Executive Officer, said:

"Charles Taylor's performance demonstrates the benefits of our diversified business model. The Group continues to deliver solid profits despite the unusual market-wide fall in the number of larger, more complex insured energy losses for our adjusters. We continue to make progress in delivering our business strategy and our initiative to drive down the Group's debt."

ENDS

Enquiries:

Notes to Editors:

About Charles Taylor Plc

·; Charles Taylor plc, is a leading international provider of professional services to clients in the global insurance market. The Group has been providing Professional Services to insurance clients since 1885 and today has over 930 staff in 48 offices spread across 24 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.

·; The Group offers services across the whole insurance market, principally on a fee-based model and operates through three Professional Services businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers in run-off.

·; Charles Taylor's vision is to become the professional services provider of choice to the global insurance market.

Further information is available at www.ctplc.com