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Petition Hearing Date

30th Aug 2007 15:07

Debt Free Direct Group PLC30 August 2007 30 August 2007 Debt Free Direct Group plc (the "Company") Further to its announcement of 24 August 2007 regarding the passing of theresolutions proposed at the Company's extraordinary general meeting, the Companyis pleased to announce that the hearing of the Company's petition for thecancellation of its share premium account is scheduled to be heard by the Courton 10 October 2007. It is anticipated that the capital reduction will becomeeffective on 12 October 2007. Should there be any change to this anticipated timetable the Company will make afurther announcement. Enquiries: Debt Free Direct Group plcAndrew Redmond, Chief Executive Officer 0845 296 0100Paul Latham, Finance Director 0845 296 0200 Numis Securities 020 7260 1000Lee Aston, Corporate FinanceChristopher Wilkinson, Corporate Broking Financial DynamicsEd Gascoigne-Pees 020 7269 7132Nick Henderson 020 7269 7114 This information is provided by RNS The company news service from the London Stock Exchange

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