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 1 January 2013 to 8 May 2013 ("the period").

Overall the Group is performing in line with market expectations.

Professional Services

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

The mutual insurance companies we manage continue to perform strongly. The business also launched a new marine hull insurance product in the period, which has been well received.

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

There are initial indications that our work levels on larger, more complex insurance claims have started to rise. Cash collections and activity to reduce working capital levels remain on target.

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

This is the smallest of the Group's three professional services businesses and efforts to improve its performance continue to make progress. We recruited a senior team to further develop our live claims management capabilities and secured new appointments for our enhanced claims services in the period.

Insurers in Run-off

The Group's owned insurance companies continue to perform satisfactorily.

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

"Charles Taylor has had a steady first quarter and we continue to make progress in delivering our business strategy for growth. Our efforts to reduce operating costs across the business and initiative to drive down the Group's debt continue to make headway."

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 around 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