MET Acquires German Subsidiary of FirstGroup plc

MARWYN MANAGEMENT PARTNERS PLC

Marwyn European Transport ("MET") Acquires German Subsidiary of FirstGroup plc

Transport Industry Veteran Joins the MET Board

London - 30 September 2011. Marwyn Management Partners plc ("MMP") today announces that its subsidiary Marwyn European Transport plc ("MET") has acquired the German bus operator FirstGroup Deutschland GmbH ("FGD") from FirstGroup plc for cash consideration of €5.5 million on a nil cash / nil debt basis.

FGD currently operates more than 130 buses in the German regions of Hesse, north Baden-Württemberg and Rhineland-Palatinate. The business operates a diversified mix of school buses, staff transport services and public buses on behalf of a number of local authorities in the area bounded by Frankfurt, Frankfurt Airport, Mannheim, Speyer and Heidelberg. In the year ended 31 March 2011, FGD generated unaudited revenue of approximately €14.6m and EBITDA (before exceptional costs) of approximately €1.4m. Shortly following completion FGD will cease to use the FirstGroup name.

FGD is MET's second acquisition within the German bus sector following the acquisition of Axel Tucks GmbH in July 2011. MET continue to pursue a number of other acquisition opportunities within the sector.

MMP also announces that Steve Clayton, a former main board director of Arriva plc and former President of the Confederation of Passenger Transport, has joined the board of MET as a non-executive director.

Steve has extensive experience in the transport industry, both in the UK and Continental Europe. After 19 years with London Transport he joined what became Arriva plc in 1994 where he held a variety of senior management positions, including Managing Director of London Bus, Managing Director UK Bus and, ultimately, Group MD Corporate Affairs. Steve was an integral part of the management team that transformed Arriva into a group with £3 billion of revenue, 43,500 employees and transport operations in 12 countries across Europe.

David Leeder, Chief Executive Officer of MET, said: "We are extremely pleased to have completed the acquisition of FGD. MET now operates over 240 vehicles within Germany across a diverse portfolio of customers and contracts. This represents a strong foundation for the Company's continued development and we look forward to working with the existing local management team in a region offering substantial growth potential."

Mark Watts, Executive Director of MMP, said: "The acquisition of FGD represents another significant step in the development of MET and illustrates David and his team's ability to deliver on their strategy to build a European transport business of real value. I am also delighted that Steve has agreed to join the board. He is a highly respected figure with extensive expertise in the transport market, both in the UK and Continental Europe. His detailed knowledge and understanding of the industry will prove invaluable as we build the business."

ENDS

Contact details:

Simon Pincombe John Eisenhammer

Marwyn Investment Management LLP Quiller Consultants

Tel: +44 (0) 207 004 2710 Tel: +44 (0)20 7233 9444

Email: [email protected] Email: [email protected]

Notes to Editors:

About Marwyn Management Partners plc

Marwyn Management Partners plc (MMP) is a corporate vehicle launched to pursue acquisition led growth strategies in the public markets. It was listed on the Main Market of the London Stock Exchange (Standard Listing) in January 2011 by Marwyn, the award winning investment house. MMP acquires controlling and non - controlling interests in public and private companies.

MMP is structured as a conglomerate with three established divisions - Consumer, Industrials and Support Services. Since launch, MMP has established two acquisition vehicles as wholly owned subsidiaries. Silvercloud plc and Marwyn European Transport plc will pursue opportunities in the luxury goods sector and the European transport sector respectively. MMP will run acquired businesses alongside experienced operational managers with strong and demonstrable track records of managing and building small and mid-cap businesses.

www.marwynmp.com

About Marwyn European Transport plc

Marwyn European Transport plc (MET) was launched as a wholly owned subsidiary of Marwyn Management Partners plc (MMP) in February 2011. The Board believes there are attractive investment opportunities in European public transport markets and intend to create shareholder value through a properly executed acquisition led strategy.

The Board intends to focus initially on some of Europe's largest bus markets, which are well understood by the company.

For more information please visit www.metplc.com

About Marwyn

Marwyn is an award winning alternative asset manager focused on active value investment strategies in companies up to £500 million of equity value. Our investment proposition is predicated on the belief that significant value can be created in selected industries in the public markets through a process of timely consolidation.

Marwyn invests in and works alongside first class operational management with strong track records. We pursue low leverage "buy and build" strategies, applying private equity disciplines to publicly quoted businesses.

In just five years, Marwyn has launched 15 acquisition vehicles, raised over £1.5 billion in acquisition funding for our management teams and led consolidation strategies involving the acquisition of over 50 companies. During that time we have generated a 25 per cent net internal rate of return on all equity invested in Marwyn. For the past four years we have continued to sell businesses, delivering an aggregate consideration from disposals of £780 million and an average IRR to equity investors of 48 per cent.

In 2010, Marwyn and its portfolio companies completed a further six acquisitions and sold the vocational training business, Melorio plc, to Pearson plc for £120 million.

www.marwyn.com