MBL announces disposal of Global Media Vault

11 October 2011

MBL Group plc 

("MBL" or "the Group")

MBL Group plc announces disposal of Global Media Vault

The Board of MBL Group plc announces that it has signed an agreement to sell its Digital and eCommerce businesses, Global Media Vault Limited and MBL Guernsey PCC Limited (collectively "GMV"), to Sainsbury's Supermarkets Ltd. The sale follows a decision previously announced within the Operating Review of the Group plc's Preliminary Announcement dated 26 August 2011 to withdraw from this business due to high development costs.

The purchase consideration is £1 million cash. In the financial year to 31 March 2011, GMV made a loss before tax of £2.9 million and had net liabilities of £3.9 million. The sale proceeds will be used for working capital purposes.

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For further information please contact:

MBL Group plc Tel: 0161 767 1620

Peter Cowgill, Non-Executive Chairman

Brewin Dolphin Limited Tel: 0845 213 4729

Mark Brady

Sean Wyndham-Quin

Bishopsgate Communications Ltd. Tel: 020 7562 3350

Deepali Schneider

Natalie Quinn

[email protected]