Notice of Cancellation of Listing

5 March 2015

Beale plc

("Beales" or the "Company")

Notice of Cancellation of Listing on the Official List

Further to the announcement of 20 February 2015 that the recommended cash offer for Beales by English Rose Enterprises Limited had been declared unconditional in all respects and in accordance with paragraph 11 of Part I of the Offer Document, Beales intends to apply to the UK Listing Authority and the London Stock Exchange requesting the cancellation of trading of Beales Shares on the London Stock Exchange's main market for listed securities and for the cancellation of listing of the Beales Shares on the standard segment of the UK Listing Authority's Official List.

Pursuant to Listing Rule 5.2.8, the Company announces that the cancellation notice period has now commenced and cancellation is expected to take effect from 8:00 am on 2 April 2015.

Such cancellation of listing and admission to trading is expected to significantly reduce the liquidity and marketability of any Beales Shares not accepted into the Offer. The Offer, which remains subject to the terms and conditions set out or referred to in the Offer Document, has been extended and will remain open for acceptance until 1.00 p.m. (London time) on 12 March 2015. 

Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Offer Document.

Further Information

Beale PLC Tel: 01202 552 022

Michael Hitchcock, Chief Executive

Shore Capital Tel: 0207 408 4090

Anita Ghanekar

Edward Mansfield

Buchanan Tel: 0207 466 5000

Charles Ryland

Sophie McNulty

Gabriella Clinkard