Re: Appointment of Executive Director

Re: Appointment of Executive Director

Further to the announcement on 17 June 2014 regarding Mark Keogh joining Charles Taylor as an executive director and Group Chief Financial Officer designate, the Company announces that on his appointment as a Company director the following matters are disclosed in relation to LR 9.6.13.

Mark Keogh was previously an executive director of Warner Estate Holdings PLC (Warner Estate), a publicly quoted company that was placed into Administration by the Board on 28 August 2013 and wound up in an orderly manner.

Mark was also a director of a number of subsidiary and associated companies of Warner Estate Holdings PLC which are also discloseable under LR 9.6.13. These are listed below.

There are no other matters to be disclosed in relation to LR 9.6.13.

-ends-

Notes to editors

Background on Warner Estate Holdings PLC

Mark joined Warner Estate in March 2008 and was appointed to the board as Finance Director on 20 November 2008 in the midst of the banking crisis and in the immediate aftermath of Lehman Brothers collapse. Warner Estate was a highly geared property investor and as a result of market-wide fall in property values agreed a consensual disposal of its properties and investments with its lenders leading to the appointment of Administrators to Warner Estate and certain of its subsidiaries.

Background on Charles Taylor PLC

· Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1885 and today employs over 1,000 staff in 60 offices spread across 25 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.

· The Group offers services, principally on a fee-based model and operates through three businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers in run-off.

· Further information is available at www.ctplc.com 

Mark Keogh was a director of the following subsidiary and associated companies of Warner Estate Holdings PLC discloseable under LR 9.6.13.

Companies closed in the normal course of business prior to the Administration:

Members Voluntary Liquidation

· Suter Estates Limited (February 2012)

· Vere Street Investments Limited (September 2010)

· City Fields Investments Limited (May 2010)

· Ascot Estates Limited (December 2012)

· Ascot Properties Limited (September 2010)

· Lotkeep Limited (May 2010)

· Ashtenne Humberside No 1 Limited (January 2009)

· Wizardgrange Limited (January 2010)

· Wizardbrook Limited (January 2010)

· Ashtenne Land Limited (May 2010)

· Donewith Limited (February 2012)

· Turrethill Limited (January 2009)

· Turretbright Limited (January 2009)

· Imex Spaces Limited (September 2010)

· Birkby (Pension Trustee) Limited (September 2010)

· Icecove Limited (January 2010)

· Bridgehouse (Bewdley) Limited (September 2010)

· Wyebrook Developments Limited (February 2012)

Companies that were placed into Administration by the board:

· AI 2013 Limited (August 2013)

· Warner Estate Management Limited (August 2013)

· AAM 2013 Limited (August 2013)

Companies closed or in the process of being closed following the Administration:

In the process of being struck off:

· Warner Estate (Jersey) Limited

· 02468112 Limited

· Warner Estate Joint Ventures Limited

· Cardiff and Provincial Properties Limited

· Clay Estates Limited

· Warner Active Management No 2 Limited

· Warner Active Management No 4 Limited

· Radial Distribution Asset Management Ltd

· Birkby Limited

· James Smith & Sons (Horsham) Limited

· Lancaster Holdings Limited

· Industrial Funds Limited

· Warner Estate Property Management Ltd

· Warner Estate (AM.PM) Limited

Struck off:

· Pallasades One Limited (April 2014)

· Dormant Property (Aylesbury) Limited (November 2012)

· Agora Max Limited (April 2014)

Creditors Voluntary Liquidation:

· Warner Estate Investments Limited (August 2013)

· Warner Estate Property Limited (January 2014)

· Warner Estate Asset Management Limited (August 2013)

· Principal Leasehold Properties Limited (September 2012)

· Apia Asset Management Limited (August 2013)

· Greater London Offices (Central House) Ltd (January 2014)

· Greater London Offices (Old Broad Street) Ltd (January 2014)

· Warner Estate, Limited (August 2013)

Members Voluntary Liquidation:

· Greater London Offices Limited (November 2013)

· Lancaster Investments Limited (August 2013)

Administrative Receiver appointed

· Agora Shopping Centres Limited (January 2013)

Receiver Manager appointed over Charges:

· Warner Estate Development (Folkestone) Ltd. (August 2012)

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.